India - Agriculture, value added (% of GDP)

Agriculture, value added (% of GDP) in India was 18.32 as of 2020. Its highest value over the past 60 years was 42.77 in 1967, while its lowest value was 15.97 in 2018.

Definition: Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 41.31
1961 40.39
1962 38.37
1963 39.32
1964 41.19
1965 38.95
1966 40.03
1967 42.77
1968 41.63
1969 41.36
1970 39.93
1971 38.10
1972 38.02
1973 41.16
1974 38.20
1975 35.27
1976 33.44
1977 34.95
1978 33.16
1979 31.28
1980 33.06
1981 31.72
1982 30.57
1983 31.32
1984 30.15
1985 28.64
1986 27.47
1987 26.88
1988 27.98
1989 26.92
1990 26.90
1991 27.33
1992 26.67
1993 26.88
1994 26.39
1995 24.46
1996 25.42
1997 24.35
1998 24.38
1999 22.99
2000 21.61
2001 21.62
2002 19.54
2003 19.58
2004 17.81
2005 17.62
2006 16.81
2007 16.75
2008 16.79
2009 16.74
2010 17.03
2011 17.19
2012 16.85
2013 17.15
2014 16.79
2015 16.17
2016 16.36
2017 16.56
2018 15.97
2019 16.68
2020 18.32

Limitations and Exceptions: Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Agricultural production often must be estimated indirectly, using a combination of methods involving estimates of inputs, yields, and area under cultivation. This approach sometimes leads to crude approximations that can differ from the true values over time and across crops for reasons other than climate conditions or farming techniques. Similarly, agricultural inputs that cannot easily be allocated to specific outputs are frequently "netted out" using equally crude and ad hoc approximations.

Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data for OECD countries are based on ISIC, revision 4.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts