Role of Agribusiness in Indian Economy

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1.                  Indian agriculture sector accounts for 18 per cent of India's gross domestic product (GDP) and provides employment to 50% of the countries workforce.
2.                  India is the world’s largest producer of pulses, rice, wheat, spices and spice products.
3.                  India has emerged as the second largest producer of fruits and vegetables in the world.
4.                  The aggregate Share of Agriculture and Allied Sectors, Including agribusiness, domesticated animals, and ranger service and fishery sub segments as far as rate of GDP is 13.9 percent.
5.                  Agricultural exports constitute a fifth of the total exports of the country.
6.                  According to the fourth Advance Estimates of Production of food grains for 2016-17, aggregate food grain production is assessed to be 273 million tons (MT).
7.                  Export of spices from India are relied upon to reach US$ 3 billion by 2016-17, on the back of imaginative promoting strategies, inventive bundling, quality in quality and an in number appropriation system.
8.                   The Indian flavours business is pegged at Rs 40,000 crore (US$ 6.42 billion) every year, of which the marked portion represents 15%.
9.                  The 6% of agricultural production is converted in to processed food, which is focused to achieve 20% in coming future.
10.              The business is work escalated and contributes around 50% for industrial production.
11.              Multi- National Food Companies have assumed a part of making business sector draw and rivalry.
12.              Selection of inventive and experimental bundling strategies by food industry has empowered the assembling of sheltered and quality sustenance.
13.     

14.      As per the 2nd advised estimates by the Central Statistics Office (CSO), the share of agriculture and allied sectors (including agriculture, livestock, forestry and fishery) is estimated to be 17.3 per cent of the Gross Value Added (GVA) during 2016-17 at 2011-12 prices.


15.              The Indian food and grocery market is the world’s sixth largest, with retail contributing 70 per cent of the sales.

16.              The Indian food processing industry accounts for 32 per cent of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth.

17.  It contributes around 8.80 and 8.39 per cent of Gross Value Added (GVA) in Manufacturing and Agriculture respectively, 13 per cent of India’s exports and six per cent of total industrial investment. India has been the world's largest producer of milk for the last two decades and contributes 19 per cent of the world's total milk production.
  • India is emerging as the export hub of instant coffee which has led to exports of coffee reaching 177,805 tonnes valued at US$ 447 million between April-August 2017, as against 162,641 tonnes valued at US$ 363.1 million during the same period last year.
  • India topped the list of shrimp exporters globally, as the value-added shrimp exports rose 130 per cent year-on-year to 23,400 tonnes in 2016.
  • The production of food grains in India reached a record 275.68 million tonnes (MT) during FY 2016-17, as per the Fourth Advance Estimates (AE) released by the Department of Agriculture, Cooperation and Farmers Welfare, Government of India.


18.              India is the second largest fruit producer in the world. India's horticulture output, is estimated to be 287.3 million tonnes (MT) in 2016-17 after the first advance estimate.

19.              Agricultural export constitutes 10 per cent of the country’s exports and is the fourth-largest exported principal commodity. India's exports of basmati rice may rise to Rs 22,000-22,500 crore (US$ 3.42-3.49 billion), with volume to around 4.09 MT in 2017-18, backed by a rise in average realisations.# Groundnut exports from India are expected to cross 700,000 tonnes during FY 2016-17 as compared to 537,888 tonnes during FY 2015-16, owing to the expected 70 per cent increase in the crop size due to good monsoons. India’s groundnut exports rose to 653,240 MT during April 2016-February 2017.@ India is the largest producer, consumer and exporter of spices and spice products. Spices exports from India grew by 9 per cent in volume and 5 per cent in value year-on-year to 660,975 tonnes and US$ 1.87 billion respectively, during April-December 2016.

20.              The online food delivery industry grew at 150 per cent year-on-year with an estimated Gross Merchandise Value (GMV) of US$ 300 million in 2016. The Indian gourmet food market is currently valued at US$ 1.3 billion and is growing at a Compound Annual Growth Rate (CAGR) of 20 per cent. India's organic food market is expected to increase by three times by 2020.

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