Economic Survey 2021-22: Key highlights on Agriculture and Food Management

31 Jan 2022 , 03:30 PM

The Economic Survey 2021-22 has announced the following key highlights on Agriculture and Food Management.

These are:

The Agriculture sector experienced buoyant growth in the past two years, accounting for a sizeable 18.8% (2021-22) in Gross Value Added (GVA) of the country registering a growth of 3.6% in 2020-21 and 3.9% in 2021-22.

Minimum Support Price (MSP) policy is being used to promote crop diversification.

Net receipts from crop production have increased by 22.6% in the latest Situation Assessment Survey (SAS) compared to the SAS Report of 2014.

Allied sectors including animal husbandry, dairying and fisheries are steadily emerging to be high growth sectors and major drivers of overall growth in the agriculture sector.

The Livestock sector has grown at a CAGR of 8.15% over the last five years ending 2019-20. It has been a stable source of income across groups of agricultural households accounting for about 15% of their average monthly income.

Government facilitates food processing through various measures of infrastructure development, subsidized transportation and support for the formalization of micro food enterprises.

India runs one of the largest food management programmes in the world.

The government has further extended the coverage of food security networks through schemes like PM Gareeb Kalyan Yojana (PMGKY).