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CONTRIBUTION OF AGRICULTURAL GDP TO INDIAN ECONOMY

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on 5 November 2014

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Transcript of CONTRIBUTION OF AGRICULTURAL GDP TO INDIAN ECONOMY

What is GDP ???
AGRICULTURAL SECTOR :-
Total market value of all final goods & services produced in a country in a given period of time.
GDP can be calculated as
Statistics
* GDP of India :-

$1.87 trillion (nominal: 10th; 2013)

$5.07 trillion (PPP: 3rd; 2013)
* Comprises
- Horticulture
- Animal husbandary
- Aquaculture
- Sericulture
- Forestry .

* 54.6 % total workforce
( census 2011 ).
* contribution to GDP declined from 51.9%
( 1950-51 ) to 13.9 % ( 2012-13 ) .


Conclusion
Essential sector of the country.

Significant contribution to country's Economy.

Capable of giving more output than at present.

Contribution can be increased by solving problems of this sector.
Thank you !!!
Contribution of 'Agriculture' to INDIA's GDP
* GDP growth of India :-

Increase 4.7% (2013)
SECTORS CONTRIBUTING TO GDP (2013)
AGRICULTURE
(13.9%)
INDUSTRY
(21.5%)
SERVICES
(64.8%)
* Production has increased from
230.8 million tonnes ( 2007-08) to
255.4 million tonnes ( 2013 -14 )
Mentor
Prof. Subir Sen

Presented by
Prasant Shekhar Singh
Khagendra Nath Mahato


With the right technology and policies, India could contribute to feeding not just itself but
the world.
(source: The New York Times-2008)

GDP :
Real GDP :
Goods are evaluated at constant (base) prices
Nominal GDP :
Goods are evaluated at current year prices
Factors for Low Agricultural GDP :
GDP = consumption + investment +government
spending+ (exports − imports)
Industry and services have acted as the twin engines propelling overall growth of the economy

But what about 'agriculture'? Due to lack of technical investment in this field it's contribution decreases to GDP.

- Poor condition of road.

- Lacks storage facilities.

- Unorganised Retail.

- Poor Irrigation system.
Poor Condition Of Road :
* Untimely transport of good.
* Increases the gap between demand and supply.
* Increase transport cost.
Lacks Storage Facilities :
- spoilage of 30% of farmer's produce.
- farmers forced to sell at lower prices.
Poor Irrigation System :
- causes crop failure.
- Delay in crops.
- Heavy loss to farmers.
Source
Site: http://www.economicsfanatic.com/2012/03/agriculture-sector-can-propel-indias.html
GDP is calculated over a period of time to check the economic condition of any country and to know whether recession is there or not.
Source :
Changes to be done to increase contribution
Technical advancements
Changes to be done to increase contribution
Politacal support
USA's Ex-President visit to Hyderabad
Data of contribution of Agriculture to GDP
Union budget (2014-15): Agricultral sector
1) Commited for growth at 4% rate.

2)Rs. 500 cr for price stabilisation fund.

3)Rs. 100 cr set aside for 'Kisan Television' to provide real time information related to agriculture.

4)Rs. 5000 cr to improve storage infrastructure.

5)Farmers to get 3% incentive for timely repayments.

6)Farmers will get loan @7%.

7)A target of 8 lakh crore rupees has been set for agriculture credit during 2014-15.
Full transcript