Agriculture is the major source of livelihood for about 58% of India’s population. Agriculture and allied activities recorded a growth rate of 3.6% in FY21. The total agricultural and allied products exports stood at US$ 41.25 billion in FY21. The total food grain production in the country was recorded at 296.65 million tonnes, up by 11.44 million tonnes compared with 285.21 million tonnes in FY19. In FY21, production was recorded at 303.34 million tonnes against a target of 301 million tonnes.
Production of horticulture crops in India reached a record 331.05 million metric tonnes (MMT) in 2020–21), an increase of 10.5 million metric tonnes over FY20. India is the world's second-largest producer of rice, wheat, sugarcane, cotton, groundnuts and fruits and vegetables. It also produced 25% of the world's pulses in the last few years.Agriculture Exports
India is one of the leading exporters of agricultural products in the world. Agricultural export from India reached US$ 38.54 billion in FY19 and US$ 35.09 billion in FY20.Industry Future
According to a research report, the Indian agricultural sector is predicted to increase to US$ 24 billion by 2025. The organic food segment in India is expected to grow at a CAGR of 10% during 2015 to 25 and is estimated to reach Rs. 75,000 crore (US$ 10.73 billion) by 2025 from Rs. 2,700 crore (US$ 386.32 million) in 2015.Industry Investments
The Indian Agriculture sector recorded a sharp increase in investments with cumulative FDI inflow of US$ 10.94 billion between April 2000-December 2021.