India: Value added in the agricultural sector as percent of GDP: The latest value from 2023 is 16 percent, a decline from 16.64 percent in 2022. In comparison, the world average is 9.91 percent, based on data from 166 countries. Historically, the average for India from 1960 to 2023 is 27.57 percent. The minimum value, 16 percent, was reached in 2023 while the maximum of 42.75 percent was recorded in 1967.

In financial year 2024, the gross domestic product for agriculture in the south-western Indian state of Maharashtra amounted to 2.28 trillion Indian rupees. This was a slight decrease from the previous year. GDP growth rate Interestingly, the real GDP growth rate for the country also saw a decline that year at about 6.12 percent as compared to the previous year. This decline was reflected in state deficits and inflation rates in the country. To revert these negative rates and prevent the Indian economy's collapse, the government had taken several measures in the 2020 budget. Some of the government's efforts to attract investments in the economy included a reduction in tax rates, improved capacity to spend in the rural sector, and infrastructure creation. Agriculture – the backbone of Indian economy The agriculture industry provided livelihoods for nearly 65 percent of the country's population in terms of direct and indirect employment. This made agriculture the backbone of Indian economy. The importance of agricultural products was further established as the primary source of raw material supply in the country's leading industries.

In financial year 2023, ** percent of the rural gross domestic product (GDP) was from the agriculture sector across India. The central state of Madhya Pradesh had the highest rural GDP contribution of agriculture at ** percent.

India IN: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data was reported at 15.998 % in 2024. This records a decrease from the previous number of 16.639 % for 2023. India IN: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging 27.320 % from Mar 1961 (Median) to 2024, with 64 observations. The data reached an all-time high of 42.752 % in 1968 and a record low of 15.998 % in 2024. India IN: GDP: % of GDP: Gross Value Added: Agriculture, Forestry, and Fishing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s India – Table IN.World Bank.WDI: Gross Domestic Product: Share of GDP. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

Agriculture, forestry, and fishing, value added (% of GDP) in India was reported at 16 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Agriculture, value added (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

GDP from Agriculture in India decreased to 6773.89 INR Billion in the first quarter of 2025 from 7757.32 INR Billion in the fourth quarter of 2024. This dataset provides - India Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, almost half of India’s GDP was generated by the services sector, a slight and steady increase over the last 10 years. Among the leading services industries in the country are telecommunications, IT, and software. The IT factorThe IT industry is a vital part of India’s economy, and in the fiscal year of 2016/2017, it generated about 8 percent of India’s GDP alone – a slight decrease from previous years, when it made up about 10 percent of the country’s economy. Nevertheless, the IT industry is growing, as is evident by its quickly increasing revenue and employment figures. IT includes software development, consulting, software management, and online services, and business process management (BPM). Employee migrationAlthough employment figures in IT, and thus in the services sector, are on the rise, most of the Indian workforce is still employed in agriculture, however, the figures show a trend pointing towards a reversal of this distribution. For now, the majority of Indians still do not live in cities – where IT jobs are generated – but urbanization is on the rise as well.

The Gross Domestic Product (GDP) in India expanded 7.40 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - India GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the growth of the real gross domestic product (GDP) in India from 2020 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, India's real gross domestic product growth was at about 6.46 percent compared to the previous year. Gross domestic product (GDP) growth rate in India Recent years have witnessed a shift of economic power and attention to the strengthening economies of the BRIC countries: Brazil, Russia, India, and China. The growth rate of gross domestic product in the BRIC countries is overwhelmingly larger than in traditionally strong economies, such as the United States and Germany. While the United States can claim the title of the largest economy in the world by almost any measure, China nabs the second-largest share of global GDP, with India racing Japan for third-largest position. Despite the world-wide recession in 2008 and 2009, India still managed to record impressive GDP growth rates, especially when most of the world recorded negative growth in at least one of those years. Part of the reason for India’s success is the economic liberalization that started in 1991and encouraged trade subsequently ending some public monopolies. GDP growth has slowed in recent years, due in part to skyrocketing inflation. India’s workforce is expanding in the industry and services sectors, growing partially because of international outsourcing — a profitable venture for the Indian economy. The agriculture sector in India is still a global power, producing more wheat or tea than anyone in the world except for China. However, with the mechanization of a lot of processes and the rapidly growing population, India’s unemployment rate remains relatively high.

Agriculture is considered the backbone of the Indian economy. The existence of Indian agriculture is traced back to the Indus Valley culture. The importance of agriculture as a means of livelihood and trade in the pre-independence period is still alive today. Farming, once practiced in a traditional way, is now turning to modernity. If we look at this modernity from the Indian point of view, it is clear that the green revolution in the agricultural sector in the country after 1960 is a milestone. Going further, it can be seen that in 2007, the share of agriculture and allied sectors in the country's GDP was 16.6 percent. During the same period, 52% of the population in the country was engaged in agriculture. The share of agriculture in the country's 7 2.7 trillion economies in 2018-19 is about 15.9 percent and employment 49 percent. The dependence of the Indian people on agriculture and the contribution of the agricultural sector to the economic development of the country is declining day by day. The main objective of this research paper is to study the impact of the agricultural policies of this country so far and the plight of the farmers.

In 2023, 43.51 percent of the workforce in India were employed in agriculture, while the other half was almost evenly distributed among the two other sectors, industry and services. While the share of Indians working in agriculture is declining, it is still the main sector of employment. A BRIC powerhouseTogether with Brazil, Russia, and China, India makes up the four so-called BRIC countries. They are the four fastest-growing emerging countries dubbed BRIC, an acronym, by Jim O’Neill at Goldman Sachs. Being major economies themselves already, these four countries are said to be at a similar economic developmental stage -- on the verge of becoming industrialized countries -- and maybe even dominating the global economy. Together, they are already larger than the rest of the world when it comes to GDP and simple population figures. Among these four, India is ranked second across almost all key indicators, right behind China. Services on the riseWhile most of the Indian workforce is still employed in the agricultural sector, it is the services sector that generates most of the country’s GDP. In fact, when looking at GDP distribution across economic sectors, agriculture lags behind with a mere 15 percent contribution. Some of the leading services industries are telecommunications, software, textiles, and chemicals, and production only seems to increase – currently, the GDP in India is growing, as is employment.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Bihar data was reported at 2.830 % in 2024. This records an increase from the previous number of 2.772 % for 2023. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Bihar data is updated yearly, averaging 2.743 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 2.894 % in 2020 and a record low of 2.351 % in 2006. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Bihar data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s General Election – Table IN.GEI003: Memo Items: State Economy: Gross State Domestic Product: Contribution: National Gross Domestic Product. Data prior to 2012 is based on GDP at Factor Cost

Employment in agriculture (% of total employment) (modeled ILO estimate) in India was reported at 43.51 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Employment in agriculture (% of total employment) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In financial year 2024, the gross domestic product for agriculture sector of the northern Indian state of Uttar Pradesh amounted to nearly four trillion Indian rupees. A consistent increase in the gross domestic product was seen across the state over the years from financial year 2012, except a fall in financial year 2015.

India's quarterly GDP was estimated to grow by 8.4 percent in the second quarter of financial year 2022 compared to the same quarter in the previous fiscal year. While continuing to be a positive change, it was a significant reduction from the performance during the first quarter of fiscal year 2022 when GDP growth peaked by 20 percent.

Cost of the pandemic

As a result of the various lockdowns enforced since the onset of the coronavirus pandemic in 2020, the Indian economy has been reeling from a multibillion dollar setback. The GDP contribution as well as the employment rate among most major sectors, especially services and trade, had taken a hit. The agriculture sector was an exception, having experienced positive changes on both these fronts.

A slowly recovering economy

With the outbreak of the second wave of the pandemic in March 2021, the government redirected financial support to boost India’s vaccination campaign. As of February 2022, over a billion vaccine doses had been administered across the country. Furthermore, inflation within the country was expected to decline 2021 onwards. However, the stagnation of employment continued to remain a matter of concern with protests erupting across different states in 2022.

According to preliminary data, the agricultural sector contributed around 6.8 percent to the gross domestic product (GDP) of China in 2024, whereas 36.5 percent of the economic value added originated from the industrial sector and 54.6 percent from the service sector, respectively. The total GDP of China at current prices amounted to approximately 134.91 trillion yuan in 2024. Economic development in China The gross domestic product (GDP) serves as a primary indicator to measure the economic performance of a country or a region. It is generally defined as the monetary value of all finished goods and services produced within a country in a specific period of time. It includes all of private and public spending, government spending, investments, and net exports which are calculated as total exports minus imports. In other words, GDP represents the size of the economy.With its national economy growing at an exceptional annual growth rate of above nine percent for three decades in succession, China had become the worlds’ second largest economy by 2010, surpassing all other economies but the United States. Even though China's GDP growth has cooled down in recent years, its economy still expanded at roughly two times the pace of the United States in 2024. Breakdown of GDP in China When compared to other developed countries, the proportions of agriculture and industry in China's GDP are significantly higher. Even though agriculture is a major industry in the United States, it only accounted for about one percent of the economy in 2023. While the service sector contributed to more than 70 percent of the economy in most developed countries, it's share was considerably lower in China. This was not only due to China's lower development level, but also to the country’s focus on manufacturing and export. However, as the future limitations of this growth model become more and more apparent, China is trying to shift it's economic focus to the high-tech and service sectors. Accordingly, growth rates of the service sector have been considerably higher than in industry and agriculture in the years before the spread of the coronavirus pandemic.

The statistic shows the proportions of the economic sectors in the gross domestic product (GDP) in selected countries in 2023. In France, the agricultural sector accounted for 1.74 percent of the GDP in 2023.

The trade, hotels, transport, and communication industries had the highest GVA growth rate of 15 percent among all other industries in India in the financial year 2022. Overall, the services sector registered the highest growth compared to the agriculture and industry sectors. Public administration, defense and other services industries were expected to have a GVA growth of over nine percent in the financial year 2025.
What is GVA? GVA or gross value added is the value of goods and services produced by an industry, sector, manufacturer, or region in an economy and is used to calculate the GDP of a country. GDP combines all GVA values across industries, levies taxes, and subsidies. While GDP calculates an overall number of goods produced by a nation, GVA measures the value added to the product. It is the difference between gross and net production. The sectoral analysis provided by GVA helps policymakers create sector-specific policies and make decisions regarding incentives. The National Statistical Office (NSO) publishes estimates of GVA in India on a quarterly and annual basis, elaborating on eight main types of commodities. Services sector In India India’s services sector covers a wide range of industries including trade, hotels, restaurants, IT-BPM, storage, communication, financing, insurance, real estate, business services, etc. Numerous government projects like Smart Cities, Clean Cities, and Digital India are strengthening the growth of the services sector. The sector also attracts significant foreign direct investment and contributes massively to exports, although agriculture accounts for the majority of the employed population.

In 2023, just over 55.36 percent of Nepal’s gross domestic product (GDP) came from its service sector. Agriculture contributed the second largest amount, while eleven percent came from the industry sector. The majority of the Nepalese population lives in rural areas, and are depended on agriculture for their livelihood. A struggling but strong population Around 63 percent of Nepal’s 29.6 million inhabitants are part of the workforce, i.e. between 15 to 64 years old. Though the country has a very low unemployment rate (probably due to the fact that agricultural occupations are usually not taken into account when calculating national unemployment) , it is considered a country weighed down by high poverty, with a consistent trade deficit and a volatile inflation rate. However, recent perceptions of children’s living standards when they grow up in Nepal are overwhelmingly of the opinion that the standard of living is better. The Nepalese economy Nepal has robust ties with the country of India, which is both the country’s main export partner, as well as its main import partner . Nepal’s economy has been under the influence of political instability over the course of the country’s history: a monarchy until the early 2000s, it then became a republic with a Maoist-dominated government. Lately, Nepal made several attempts to improve its economic situation, but still relies heavily on remittances and foreign aid.

The gross value added from *********************************************** had the highest share in India in fiscal year 2025. The service sectors constituted a large chunk of GVA that year. Agriculture, the biggest employer in the country, stood at around ** percent that year.