New Delhi: Agriculture GVA growth reached 10.4% in 2024-25, according to provisional estimates tabled in the Lok Sabha on Monday.
The agriculture and allied sector recorded steady expansion for the fifth consecutive year at current prices. The sector grew by 10% in 2020-21 and 10.6% in 2021-22. Growth slowed to 8.5% in 2022-23 before rising to 9.6% in 2023-24.
Meanwhile, foodgrain production during 2024-25 touched a record 3,577.32 lakh metric tonnes. This marked an increase of 254.34 LMT, or 7.65%, over the previous year’s output of 3,322.98 LMT.
The government said it regularly reviewed factors affecting agriculture. These included farm incomes, input costs, climate risks, irrigation access, credit flow and market linkages. Officials conducted studies, field visits and periodic high-level reviews for this purpose.
Agriculture GVA growth backed by higher spending and MSP policy
The Centre said its strategy to sustain agriculture GVA growth focused on higher productivity and lower cultivation costs. It also aimed to improve price realisation for farmers. The plan promoted diversification, post-harvest value addition and climate-resilient farming.
At the same time, the government sharply increased funding for the Department of Agriculture and Farmers Welfare. The allocation rose from Rs. 21,933.50 crore in 2013-14 to Rs. 1,27,290.16 crore in 2025-26.
In addition, the Centre raised minimum support prices for all mandated crops from 2018-19 onwards. The revised MSPs ensured returns of at least 50% over the all-India weighted average cost of production.
The government also rolled out multiple schemes to raise farm incomes. These covered insurance, income support, irrigation, mechanisation, digital agriculture and procurement at MSP.
Minister of State for Agriculture and Farmers Welfare Ramnath Thakur shared the information in a written reply in the Lok Sabha.
