INDIAN AGRICULTURE INDUSTRY AT A GLANCE IN 2011 - 2012 In terms of individual composition, out of a total share of 14.5 per cent in GDP in 2010-11, agriculture alone accounted for 12.3 per cent, followed by forestryand logging at 1.4 per cent, and fishing at 0.7 percent.
Though there had been a decline in the share of agriculture's contribution to the GDP, there had been a positive point with the employment opportunities having increased contributing to the economic stability of the country.
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For the period of 2011-12 agriculture and Its allied sectors are estimated to achieve a growth rate of about 2.5 per cent. However, it is a matter ofconcern that agricultural growth is still, to a certain extent, characterized by fluctuations due to the vagaries of nature like the monsoon, though there has not been actual decline in terms of output for about a decade. |
