Budget 2025 Economic survey says India's farm sector has clocked robust growth on the back of govt schemes

The agriculture assemblage successful India has shown robust maturation successful caller years, averaging 5 per cent annually from FY17 to FY23, demonstrating resilience contempt challenges, according to the Economic Survey 2024-25.

The survey, tabled successful the Parliament connected Friday, pointed retired that successful the 2nd 4th of FY25, the agriculture assemblage recorded a maturation complaint of 3.5 per cent. This show represents a betterment compared to the erstwhile 4 quarters, during which maturation rates varied from a humble 0.4 per cent to 2.0 per cent.

The caller emergence successful maturation complaint tin beryllium attributed to improved conditions, perchance driven by favourable upwind patterns, advancements successful cultivation practices, and authorities initiatives to heighten productivity and sustainability wrong the sector, it said.

Assured remunerative prices, improved entree to organization credit, harvest diversification, enactment for sustainable practices, and enhancement successful productivity person played a important relation successful the sustained maturation observed, it further stated.

The survey observes that riding connected a bully monsoon, kharif foodgrain accumulation successful 2024 is projected astatine 1647.05 Lakh Metric Tonnes (LMT), suggesting an summation of 89.37 LMT compared to the erstwhile twelvemonth and 124.59 LMT supra the mean kharif foodgrain output which bodes good for nutrient security.

Agricultural income has accrued astatine 5.23 per cent annually implicit the past decade, compared to 6.24 per cent for non-agricultural income and 5.80 per cent for the wide economy, according to the survey.

India's agriculture is characterised by diversity, with show varying importantly crossed antithetic segments and states. As a large planetary cereal producer, India accounts for 11.6 per cent of the world's full output. 

However, harvest yields successful the state are considerably little compared to those of different starring producers, underscoring the request for productivity improvements.

High-value sectors specified arsenic horticulture, livestock, and fisheries person emerged arsenic the superior contributors to the wide maturation of agriculture. Among these, the fishery assemblage has demonstrated the highest compound yearly maturation complaint (CAGR) astatine 13.67 per cent, followed by livestock with a CAGR of 12.99 per cent during FY15 to FY23 (at existent prices).

The harvest assemblage has experienced a humble compound yearly maturation complaint (CAGR) of 2.1 per cent, from FY13 to FY22. This summation is besides mostly driven by notable increases successful the accumulation of fruits, vegetables, and pulses.

However, the survey points retired that the slower maturation complaint of oilseeds astatine 1.9 per cent raises concerns, particularly considering India's dense reliance connected imports to fulfill home edible lipid demands.

The survey besides highlights that clime variability tin contiguous important challenges; however, farmers with divers income streams are amended positioned to navigate these uncertainties. Allied activities specified arsenic carnal husbandry, fisheries oregon agroforestry, tin alteration the farmers to mitigate the risks effectively.

There are besides assorted authorities initiatives specified arsenic the Per Drop More Crop (PDMC) strategy and assorted actions nether the National Mission connected Sustainable Agriculture (NMSA), the Digital Agriculture Mission and the e-National Agriculture Market (e-NAM) that are specifically designed to code these challenges, the survey added.