India's Agricultural Sector Records Strong Growth
India's agricultural sector has witnessed strong growth, driven by increased domestic availability of edible oil and rise in total area coverage of all oilseeds.
Mon, 22 Jul 2024
According to the latest economic survey, India's agricultural sector has witnessed a significant growth rate of 4.18% over the last five years.
This impressive growth has been driven by several factors, including an increase in domestic availability of edible oil and a rise in total area coverage of all oilseeds.
The Agriculture sector has registered an average annual growth rate of 4.18% over the last 5 years
— PIB India (@PIB_India) July 22, 2024
đŸ“ˆThe domestic availability of edible oil has risen from 86.30 lakh tonnes in 2015-16 to 121.33 lakh tonnes in 2023-24.
đŸ“ˆThe total area coverage of all oilseeds has increased… pic.twitter.com/o08QJjsEsW
The data shows that the domestic availability of edible oil has risen from 86.30 lakh tonnes in 2015-16 to 121.33 lakh tonnes in 2023-24, marking a substantial growth of over 40%. Similarly, the total area coverage of all oilseeds has increased from 25.60 million hectares in 2014-15 to 30.08 million hectares in 2023-24, representing a growth of 17.5%.
The growth in India's agricultural sector is not limited to just production figures. The government's efforts to promote Farmer Producer Organizations (FPOs) have also borne fruit.
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