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Agriculture Growth rate in Year 2010-11 is 5.4% and contribution to GDP 14.2%

July 24, 2011 Leave a comment

India is expected to see 5.4 per cent growth in the farm sector in the current fiscal 2010-11 as indicated by substantial expansion in area and production of major crops in both Kharif and Rabi seasons, official sources said on Thurday.

 

“In the first half of 2010-11, farm sector has achieved growth of 3.8 per cent, rebounding from -0.1 per cent and 0.4 per cent in the previous two years,” an official statement said here.

“The full-year growth in the farm sector is estimated to be 5.4 per cent,” it added. In the Annual Report of the Department of Agriculture and Cooperation under Ministry of Agriculture, the department has expressed satisfaction over the growth of investment and capital formation in agriculture in the recent past.

As per the annual report, the total expenditure in the first four years of the XIth plan is estimated to be Rs 44,413 crore, up from Rs 14,952…

Agriculture contribution is estimated to GDP is 14.2%.