Share of agriculture in economy- trends

Share of agriculture in economy- trends

Subject :Economy

Section: National Income

Context:

Over the last two years the share of agriculture has improved in overall GDP and the sector remained resilient despite the hit from COVID-19 pandemic. In FY 2021 the share of agriculture in overall GDP rose to 20 per cent, the levels that were last seen in FY 2004, according to the latest Economic Survey. Agriculture was the largest employer of workforce in India, the survey added.

Trends:

CMIE data from the consumer pyramid household survey shows:

• The share of agriculture in total employment has gone up from 35.3% in 2017-18 to 36.1% in 2018-19 and then to 38% in 2019-20.
• The latest PLFS report shows a sharp increase in employment in agriculture from 42.5% of the total employment in 2018-19 to 45.6% in 2019-20.
• The share of manufacturing dropped sharply from 9.4% to 7.3%,
• The share of construction in total employment shot up to 15.9% in 2020-21 from 15.4% in 2018-19 and 13.5% in 2019-20.

Sectoral share in GDP:

Sectoral share in employment in %