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India - Agriculture overview

Country profile

  • According to 2023 World Bank national accounts data, agriculture and associated activities (Forestry and Fishing) contributed 16.7% to the GDP of India. 
  • According to 2023 World Bank national accounts data, 43% of the total employment in India is in agricultural and associated sector activities. 
  • According to India Brand Equity Foundation, Gross Value Added (GVA) by agriculture and associated activities to the Indian economy was estimated at Rs 24.33 lakh crore (447.45 billion AUD) in the 2024 financial year.

Policies and initiatives

  • National Agriculture Market (eNAM) provides an e-marketing platform at the national level. Other initiatives like Community Radio and Kisan Call centres provide agricultural information and data digitally.
  • To promote sustainable agriculture and water conservation, the Government of India has launched schemes which include Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM KUSUM) (Solarisation of Grid-Connected Agricultural Pumps), National Action Plan on Climate Change (NAPCC), National Mission for Sustainable Agriculture (NMSA) and Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) (Water Conservation and Management).
  • In order to support small and marginal farmers, the government launched the Pradhan Mantri Kisan Maan-Dhan Yojana (PMKMY) in 2019 which provides pensions post retirement, and the Pradhan Mantri Kisan Samman Nidhi Yojana (PMKisan) which provides income support.
  • Pradhan Mantri Fasal Bima Yojana (PMFBY) (Farmers’ Welfare) accompanied by other agricultural insurance schemes have been introduced to support farmers and associated workers in agriculture. 
  • In 2017, the Government of India set an ambitious target to double the income of farmers by 2022-23, which corresponds to targeted annual agricultural growth of more than 14% a year.
  • The Government of India announced Minimum Support Prices (MSP), under the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA), aiming to enhance agricultural productivity, reduce cost of cultivation and secure farmers’ income in the long term, for 25 major agricultural commodities each year. MSP was first introduced in 1966-67.

Governance structure

In India while agriculture and associated sectors come under the purview of states, the central government has been instrumental in framing overarching policies through special provisions. The Ministry of Agriculture Cooperation, and Farmers’ Welfare, is the apex body for formulation and administration of the rules, regulations and laws related to agriculture in India. The Indian Council of Agricultural Research (ICAR) is an autonomous body responsible for coordinating agricultural education and research in India. 

Australia and India have differing climates and geography which enable the nations to cover wide offerings in agriculture

Australia - Agriculture overview

Country profile

Policies and initiatives

Governance structure

The federal, state and territory and local governments all impose regulations and policies on the agriculture, fisheries and forestry sectors. They are responsible for different aspects of agricultural and food law and at times have overlapping regulations addressing areas such as, for example, environmental protection. The Department of Agriculture, Fisheries and Forestry represents Australia’s national interests across agriculture, water and the environment. The Australian Bureau of Agricultural Resource Economics and Sciences (ABARES) is the research arm of the Department of Agriculture, Fisheries and Forestry. The Australian Centre for International Agricultural Research (ACIAR) supports research projects with partner countries outside Australia. 

Related articles

Read the latest 'Agriculture' research articles covering Australia and India - or submit your own.

Bilateral frameworks for cooperation between India and Australia

Trade and investment opportunity

Cooperation and collaborations

Arpita Sengupta, Dr Ajay Dhar and Professor Rajender Singh Sangwan from AcSIR, UWA Hackett Professor Kadambot Siddique and AcSIR's Aarti Katoch at the launch of the joint PhD program.

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