Thursday, February 21, 2008

Indian economy - Agriculture

www.indiaonestop.com/gnp.htm


FOR third successive year, the Indian economy has registered a highly impressive growth during fiscal 2005-06. Sustained manufacturing activity and impressive performance of the services sector with reasonable support from the recovery in agricultural activity have added greater momentum to this growth process. After recording some slowdown in the third quarter (October-December) of 2005-06, real gross domestic product (GDP) registered a sharp increase in the fourth quarter (January-March) of 2005-06 benefiting from a pick-up in almost all segments of agriculture, industry and services. According to the revised estimates released by the Central Statistical Organization (CSO) in May 2006, real GDP accelerated from 7.5 per cent in 2004-05 to 8.4 per cent during 2005-06. The Indian economy has, thus, recorded an average growth of over 8 per cent in the latest three years (2003-04 to 2005-06).

Growth Rates of Real GDP
(Base Year : 1999-2000)

(Per cent)

Sector
2000-01 to
2002-03 (Average
2003-04
2004-05
2005-06
2004-05
2005-06
Q1
Q2
Q3
Q4
Q1
Q2
 Q3
Q4
Agriculture
-0.2
10.0
0.7
3.9
3.5
-0.2
-1.2
1.5
3.4
4.0
2.9
5.5
Allied Activities
(23.5)
(22.2)
(20.8)
(19.9)
-
-
-
-
-
-
-
-
1.1 Agriculture
-0.5
10.7
0.7
-
-
-
-
-
-
-
-
-
Industry
5.2
6.6
7.4
7.6
6.6
8.0
8.1
6.8
9.5
6.3
7.0
7.9
(19.7)
(19.5)
(19.5)
(19.3)
-
-
-
-
-
-
-
-
2.1 Mining and Quarrying
4.4
5.3
5.8
0.9
8.2
6.0
5.7
3.7
3.1
-2.6
0.0
3.0
2.2 Manufacturing
5.7
7.1
8.1
9.0
6.6
8.3
9.2
8.1
10.7
8.1
8.3
8.9
2.3 Electricity, Gas and Water Supply
2.8
4.8
4.3
5.3
4.9
7.9
3.1
1.4
7.4
2.6
5.0
6.1
Services
6.6
8.5
10.2
10.3
10.0
8.2
10.6
11.6
10.1
10.3
9.7
11.0
(56.8)
(58.3)
(59.7)
(60.7)
-
-
-
-
-
-
-
-
3.1 Trade, Hotels, Restaurants, Transport, Storage and Communication
8.5
12.0
9.7
11.0
10.2
12.9
10.6
11.5
10.6
11.2
11.7
11.0
3.2 Financing, Insurance, Real Estate and Business Services
6.5
4.5
9.2
9.7
8.8
7.5
9.7
10.7
8.8
10.5
8.9
10.5
3.3 Community, Social and Personal Services
4.1
5.4
9.2
7.8
10.7
4.8
8.5
12.7
7.3
8.0
8.4
7.6
3.4 Construction
5.9
10.9
12.5
12.1
8.9
6.8
20.8
13.5
12.4
12.3
11.5
12.0
Real GDP at Factor Cost
4.6
8.5
7.5
8.4
7.9
6.7
7.0
8.6
8.5
8.4
7.5
9.3

Agriculture
The kharif crops coverage up to July 10, 2006 increased by around 11.9 per cent over a year ago. For all crops taken together, around 27 per cent of the normal area has been sown so far. Total foodgrains production during 2005-06 was placed at around 208 million tonne, an increase of 5 per cent over the previous year, mainly on the back of higher output of rice. The increase in the production of non-foodgrains crops was led mainly by sugarcane and cotton.

Progress of Area under Khariff Crops - 2006-07
(Million Hectares)

Crop
Normal
Area Coverage (As on July 10)
2005
2006
Variation 2006 over 2005
Rice
39.9
5.4
6.1
0.7
Coarse Cereals
22.9
6.8
7.3
0.5
Of which



Bajra
9.3
2.4
2.1
-0.3
Jowar
4.6
1.1
1.2
0.1
Maize
6.0
2.7
3.5
0.8
Total Pulses
10.6
2.0
2.7
0.7
Total Kharif Oilseeds
15.1
3.3
3.4
0.1
Of which



Groundnut
5.5
1.2
1.6
0.4
Soyabean
6.3
1.3
1.1
-0.2
Sesamum
1.6
0.3
0.3
0.0
Sunflower
0.5
0.2
0.4
0.2
Sugarcane
4.3
4.3
4.5
0.2
Cotton
8.3
2.5
3.3
0.8
All Crops
101.1
24.3
27.2
2.9

Source: Ministry of Agriculture, Government of India

Agricultural Production
(Million Tonne)

Crop
2003-04
2004-05
2005-06$
Target
Achievement
Target
Achievement
Target
Achievement
Rice
87.0
88.5
93.5
83.1
87.8
91.0
Wheat
72.1
72.2
79.5
68.6
75.5
69.5
Coarse Cereals
37.8
37.6
36.8
33.5
36.5
34.7
Pulses
15.2
14.9
15.3
13.1
15.2
13.1
Total Foodgrains
212.1
213.2
225.1
198.4
215.0
208.3
Kharif
112.0
117.0
113.8
103.3
109.9
109.7
Rabi
100.0
96.2
111.3
95.1
105.1
98.6
Total Oilseeds
25.1
25.2
26.2
24.4
26.6
27.7
Kharif
17.0
16.7
16.3
14.2
16.2
16.8
Rabi
8.1
8.5
9.9
10.2
10.4
10.9
Sugarcane
236.2
233.9
270.0
237.1
237.5
278.4
Cotton #
13.8
13.7
15.0
16.4
16.5
19.6
Jute and Mesta ##
11.2
11.2
11.8
10.3
11.3
10.7

$ : Fourth Advance Estimates (July 15,2006)
# : Million bales of 170 kgs each; ## : Million bales of 180 kgs each

Source: Ministry of Agriculture, Government of India

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