Page 606 - ES 2020-21_Volume-1-2 [28-01-21]

Agriculture & Food Management 233

Growth in Agriculture & Allied Sectors

7.4 The growth in GVA of agriculture and allied sectors has been fluctuating over time (Figure
2). However, during 2020-21, while the GVA for the entire economy contracted by 7.2 per cent,
growth in GVA for agriculture maintained a positive growth of 3.4 per cent.

Figure 2: Growth of GVA of Economy and Agriculture & Allied
Sectors at Constant (2011-12) Prices (In per cent)

10 8 8
8 7.2 6.6
6.1 6
6
6.8 3.9
4 5.6 5.9
4
2 0.6 3.4
-0.2 2.4
0
2013-14 2014-15 2015-16 2016-17* 2017-18# 2018-19@ 2019-20** 2020-21***
-2
-4
-6 -7.2
-8
Growth of GVA of Total Economy Growth of GVA of Agriculture & Allied Sector (per cent)

Source: Based on data received from DAC&FW.
Note: **As per the Provisional Estimates of Annual National Income 2019-20 released by CSO
on 29th May 2020. @As per the First Revised Estimates of National Income, Consumption
Expenditure, Saving and capital Formation for 2018-19 released on 31st January, 2020. # Second
Revised Estimate. * Third Revised Estimate. *** First Advance Estimates of National Income
released on 7th January, 2021.

Gross Capital Formation
7.5 Gross Capital Formation (GCF) in the agriculture and allied sector as a proportion to GVA
has been showing a fluctuating trend from 17.7 per cent in 2013-14 to 16.4 per cent in 2018-19,
with a dip to 14.7 per cent in 2015-16. The share of GCF of the agriculture & allied sector to
GVA of agriculture & allied sector for the years 2013-14 to 2018-19 at 2011-12 basic prices is
shown in Figure 3.

Figure 3: GCF of Agriculture & Allied Sector as percentage of
GVA of Agriculture & Allied Sector (at 2011-12 basic prices)

19 17.7
18 17
17 16.4
16 14.7 15.5 15.5
15
14
13
12
11
10
2013-14 2014-15 2015-16 2016-17* 2017-18# 2018-19@

Source: Based on data received from DAC&FW.
@As per the First Revised Estimates of National Income, Consumption Expenditure, Saving and
capital Formation for 2018-19 released on 31st January, 2020. # Second Revised Estimate. * Third
Revised Estimate.