Agriculture least affected by COVID-19: Financial Survey

The Financial Survey additionally identified that top development in allied sectors, particularly livestock, has additionally contributed to the entire agricultural gross worth.

The share of crop earnings in India has come right down to 37 per cent in 2021 from 48 per cent in 2014. Picture: iStock

Agriculture and its allied sector, the biggest employer in India, was least affected by the COVID-19 pandemic and can develop at 3.9 per cent in 2021-22, as in opposition to 3.6 per cent recorded in 2020-21. The Financial Survey mentioned January 31, 2022.

The share of agriculture within the complete GVA (Gross Worth Added) of the economic system was 18.8 %. Whereas it’s down from 20.2 per cent in 2020-21, the share continues to be the second highest within the final 10 years.

The survey additionally identified that top development in allied sectors, particularly livestock, has additionally contributed to the entire agricultural GVA.

Studying Protection of DTE on Livestock

“The upper development in allied sectors as in comparison with the crop sector, has a transparent influence within the context of the previous’s growing significance in complete agricultural GVA,” it mentioned.

The share share of crops has come right down to 10.7 per cent in 2019-20 from 12.1 per cent in 2011-12. However, the share of livestock has been steadily growing – from 4 per cent in 2011-12 to 4.4 per cent in 2014-15 to five.2 per cent in 2019-20.

The contribution of livestock within the complete agriculture and allied sector GVA (at fixed costs) has elevated from 24.32 per cent (2014-15) to 29.35 per cent (2019-20). That is as per the estimates of Nationwide Accounts Statistics 2020 for sector sensible GVA of agriculture and allied sectors.

The rising significance of livestock will also be seen from its share within the month-to-month earnings of a farmer household of Rs 10,218.

Crop earnings, with a share of 37 per cent, continues to be an necessary supply of earnings for farmers. However different sources, resembling livestock, are displaying development.

The share of earnings from crop manufacturing has declined from 48 per cent in 2014. However the internet realization from animal farming has elevated from 12 per cent in 2014 to 16 per cent in 2021. Earnings from wages has additionally elevated to 40 %. In 2021 from 32 % in 2014.

The information relies on the Standing Evaluation Survey of Agricultural Households launched final yr.

The Financial Survey additionally emphasised that precedence needs to be given to crop diversification in the direction of oilseeds, pulses and horticulture to deal with the important thing problems with irrigation, funding, credit score and market of their cultivation.

It mentioned:

Whereas the federal government has adopted the usage of MSP (Minimal Help Value) as a sign to encourage crop diversification, there may be additionally a necessity for coordinated motion on the a part of the state governments to attain excessive worth and low water consumption crops. be enabled. The target of doubling the earnings of farmers in a sustainable method.

Crop Diversification Program (CDP) is being carried out within the authentic Inexperienced Revolution States of Punjab, Haryana and Western Uttar Pradesh.

It’s being carried out as a sub-scheme of Rashtriya Krishi Vikas Yojana from 2013-14 to shift the world underneath paddy cultivation to much less water-intensive crops like oilseeds, pulses, coarse cereals, nutritive cereals, cotton, and so on. To be.

It mentioned, β€œAn quantity of Rs 120 crore (Rs 110 crore for CDP in authentic inexperienced revolution states and Rs 10 crore for CDP to switch tobacco cultivation) as a central share of this system throughout 2021-22. has been earmarked for implementation,” it mentioned.

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