As per industry estimates, the share of agriculture and allied sectors including livestock, forestry and fishery was 15.35 per cent of the Gross Value Added (GVA) during 2015–16.
India is the largest producer, consumer and exporter of spices and spice products. India's fruit production has increased making it the second largest fruit producer in the world. India's horticulture output, comprising fruits, vegetables and spices for year 2015 was a record high of 283.5 million tonnes (MT)
Agricultural export constitutes 10 per cent of the country’s exports and is the fourth-largest exported principal commodity. Over the years, several factors have contributed to the growth of the Indian agriculture industry despite rapid urbanization. Rising private participation in Indian agriculture industry, growing organic farming and use of information technology are some of the key trends in the agriculture industry's rapid development
. As per industry Estimates, food grain production is estimated at 253.16 million tonnes (MT) for 2015-16. Production of pulses estimated at 17.33 million tonnes. With an annual output of 146.3 MT, India is the largest producer of milk, accounting for 18.5 per cent of the total world production. It also has the largest bovine population. India, the second-largest producer of sugar, accounts for 14 per cent of the global output. It is the sixth-largest exporter of sugar, accounting for 2.76 per cent of the global exports.
Spice exports from India are expected to reach US$ 3 billion by 2016–17. The spices market in India is valued at Rs 40,000 crore (US$ 5.87 billion) annually. The procurement target for rice during marketing season (MS) 2015–16 has been finalized as 30 MT.
According to the Department of Industrial Policy and Promotion (DIPP), the Indian agricultural services and agricultural machinery sectors have cumulatively attracted Foreign Direct Investment (FDI) equity inflow of about US$ 2,261 million from April 2000 to December 2015.