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The economic contribution of agriculture to India's GDP is steadily declining with the country's broad-based economic growth. Still, agriculture is demographically the broadest economic sector and plays a significant role in the overall socio-economic fabric of India. The total agriculture commodities export was US$3.50 billion in March - June ...
Source: World Development Indicators: Contribution of natural resources to gross domestic product (2011, source is unavailable) Total natural resources rents (% of GDP) by country, 2013 Oil rents (% of GDP) by country, 2013
Agriculture's contribution to GDP has steadily declined from 1951 to 2023, shifting from 52% to 15% of India's GDP [203] [204] yet it is still the country's largest employment provider sector . [199]
GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1] As of 2011, the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%.
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...
The global contribution to world's GDP by major economies from 1 CE to 2003 CE according to Angus Maddison's estimates. [1] Up until the 18th century, China and India were the two largest economies by GDP output. Maddison's Estimates GDP per capita in the Indian sub-continent, since 1600 [2]
Despite the steady decline in agriculture's contribution to the country's GDP, agriculture is the biggest industry in the country and plays a key role in the socio-economic growth of the country. India is the second-largest producer of wheat, rice, cotton, sugarcane, silk, groundnuts, and dozens more. It is also the second biggest harvester of ...
Historically, India has classified and tracked its economy and GDP in three sectors: agriculture, industry, and services. Agriculture includes crops, horticulture, milk and animal husbandry, aquaculture, fishing, sericulture, aviculture, forestry, and related activities. [71] [72]