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Economy 2 min read

Decadal Expansion of India's Farm Economy: Agriculture GVA Surpasses ₹52 Lakh Crore with Record 376.56 Mt Foodgrain Output

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Introduction

Demonstrating robust structural expansion over the past decade, India's agriculture and allied sectors achieved historic milestones on 18 August 2026: the Agricultural Gross Value Added (GVA) expanded from ₹20.94 lakh crore in 2014–15 to an estimated ₹52.08 lakh crore in 2025–26, sustaining livelihoods for approximately 46.1% of the national workforce.

Record Agricultural Production & Fiscal Support

Comprehensive government data reflects unprecedented growth across foodgrains, horticulture, and livestock:

  • Foodgrain & Horticulture Harvest: Total foodgrain production surged from 265.05 million tonnes (Mt) in 2013–14 to a record 376.56 Mt in 2025–26 (Third Advance Estimates). Horticulture production reached an estimated 377.78 Mt, surpassing foodgrain volume.
  • Oilseeds Expansion: Oilseeds production climbed from 27.51 Mt in 2014–15 to 43.06 Mt in 2025–26, bolstering domestic edible oil self-sufficiency.
  • Budgetary Surge & Direct Support: Department of Agriculture budget allocation grew five-fold from ₹27,663 crore in 2013–14 to ₹1,40,528.78 crore in 2026–27. Pradhan Mantri Fasal Bima Yojana (PMFBY) has insured over 92.46 crore farmer applications since 2016–17.
  • Global Livestock Leadership: India ranks #1 globally in milk production (accounting for nearly 25% of global output), #2 in egg production, and #4 in meat production.

Key Facts

  • Agriculture GVA Growth: ₹20.94 Lakh Crore (2014–15) $\rightarrow$ ₹52.08 Lakh Crore (2025–26)
  • Workforce Dependence: Employs 46.1% of India's total workforce
  • Total Foodgrain Output: 376.56 Million Tonnes (Mt) in 2025–26 (up from 265.05 Mt in 2013–14)
  • Total Horticulture Output: 377.78 Million Tonnes (Surpasses foodgrain production)
  • Oilseeds Production: 43.06 Million Tonnes in 2025–26 (up from 27.51 Mt)
  • Ministry Budget: ₹1,40,528.78 Crore in 2026–27 (up from ₹27,663 Cr in 2013–14)
  • Global Rankings: #1 in Milk (~25% global share), #2 in Egg production, #4 in Meat production

Exam Perspective

For TNPSC and UPSC examinations, this topic covers Indian Agricultural Growth Trends, Agriculture GVA, Foodgrain & Horticulture Production (Third Advance Estimates), PM-KISAN, PMFBY, and Livestock Sector in GS Paper III.

Conclusion

India's decadal agricultural resurgence cements national food and nutritional security, establishing the farm economy as a pillar of inclusive economic growth.