Output of farm sector rises to ₹29.49L in FY24

THE GROSS VALUE of Output (GVO) from the agriculture and allied sector increased 54.6% during FY12 to FY24 to ₹29.49 lakh crore at constant prices, National Statistics Office (NSO) said on Friday.

- PRESS TRUST OF INDIA

The NSO, part of the Ministry of Statistics and Programme Implementation (MoSPI), has released the annual publication of 'Statistical Report on Value of Output from Agriculture and Allied Sectors (2011-12 to 2023-24).

"Gross Value of Output (GVO) from the agriculture and allied sector at constant prices has shown steady growth from Rs 1,908 thousand crore in 2011-12 to ₹2,949 thousand crore in 2023-24, marking an overall increase of approximately 54.6%," NSO said.

It further said Gross Value Added (GVA) of agriculture and allied sectors at current prices registered a growth of about 225%, increasing from ₹1,502 thousand crore in 2011-12 to ₹4,878 thousand crore in 2023-24.