Public investment in India boosts agri GDP

The average yearly growth in agricultural GDP in India in the last decade was 4.0%, a new report says.

India’s agricultural GDP grew 4 percent on average each year between 2005 and 2014, according to the EPW Research Foundation, an India-focused research outlet.

One of the main reasons for the improvement was increased investment by the government and public sector which encouraged private investment, according to the report’s authors Bipin K Deokar and S L Shetty.

Source: Central Statistics Office/National Accounts Statistics/various issues

The fishing industry posted the greater average yearly growth of 5.4 percent, while agriculture and livestock grew 4 percent, and forestry and logging 2.3 percent.

Read Growth in Indian Agriculture: Responding to Policy Initiatives since 2004-05