The Union Minister for Finance Nirmala Sitharaman presented the Economic Survey 2021-22 in Parliament.
The Agriculture sector experienced buoyant growth in past two years, accounting for a sizeable 18.8% (2021-22) in Gross Value Added (GVA) of the country registering a growth of 3.6% in 2020-21 and 3.9% in 2021-22.
Minimum Support Price (MSP) policy is being used to promote crop diversification.
Net receipts from crop production have increased by 22.6% in the latest Situation Assessment Survey (SAS) compared to SAS Report of 2014.
Allied sectors including animal husbandry, dairying and fisheries are steadily emerging to be high growth sectors and major drivers of overall growth in agriculture sector.
The Livestock sector has grown at a CAGR of 8.15% over the last five years ending 2019-20. It has been a stable source of income across groups of agricultural households accounting for about 15% of their average monthly income.
Government facilitates food processing through various measures of infrastructure development, subsidized transportation and support for formalization of micro food enterprises.
India runs one of the largest food management programmes in the world.
Government has further extended the coverage of food security network through schemes like PM Gareeb Kalyan Yojana (PMGKY).