August I 2023

Agriculture and Allied Industries

Gross Value Added By Agriculture And Allied Sectors (US$ billion)

480.97

283.68 267.90 276.37 271.90

MARKET
SIZE FY18 FY19* FY20** FY21 FY22
Note: * - 1st revised estimates, ** - 2nd advance estimates, at constant 2011-12 prices

Rabi Area Sown in 2022-23 (million Kharif area sown in 2022-23 (million
hectares) hectares)

4.63 Wheat
12.10
5.35 Rice
5.60 32.80
Pulses Pulses
10.98
34.30 Coarse Cereals
18.30
SECTOR Oilseeds Oilseeds
Sugarcane
COMPOSITION 16.79 Coarse 17.10
11.30 Cotton
Cereals

Agricultural exports from India (US$ billion) Key agricultural and allied sector exports
from India in FY24** (US$ billion)
50.2153.12** 0.23 0.45 Rice
41.25
38.21 38.54 35.09 Marine Products
0.71 Spices
2.82
0.83 Buffalo Meat
12 Sugar
1.11
KEY 1.70
Cotton Raw including Waste
Oil Meal
TRENDS FY18 FY19 FY20 FY21 FY22 FY23 FY24**
Note: **It includes agricultural and allied products export from Note: **It includes key agricultural and allied products export from April-
April-June 2023. June 2023.

Pradhan Mantri National Agriculture Pradhan Mantri

GOVERNMENT Fasal Bima Yojana Market (eNAM) Annadata Aay
INITIATIVES SanraksHan Abhiyan
(PM-AASHA)

• Robust demand: Rapid population expansion in India and changing lifestyles and food habits due to increased disposable income are the
drivers for robust demand. The demand for organic products in the Indian market is growing and is anticipated to rise with a CAGR of
25.25% between 2022-27. A total of 521.27 LMT rice has been anticipated for procurement for the upcoming KMS 2023-24, up from 496
LMT produced during the previous KMS 2022-23.

• Competitive advantage: India has access to several natural resources that provide it with a competitive advantage in the food processing
sector. Due to its diverse agro-climatic conditions, it has a wide-ranging and large raw material base suitable for food processing industries.

• Policy support: Online, Competitive, Transparent Bidding System with 1.74 crore farmers and 2.39 lakh traders put in place under the
ADVANTAGE National Agriculture Market (e-NAM) Scheme. Through several Digital Initiatives, such as the National e-Governance Plan in Agriculture

INDIA
(NeGP-A), the construction of Digital Public Infrastructure (DPI), digital registries, etc., the government has taken a number of steps to
ensure access to IT across the nation.

• Attractive opportunities: Entry of foreign players has been key to sustainable growth in some sectors such as dairy.

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