Question

During which year was the annual average growth rate (at constant prices) of agriculture and allied sectors negative?
1. 2002-03
2. 2003-04
3. 2005-06
4. 2006-07

Answer 1

Correct Answer - Option 1 : 2002-03

The correct answer is 2002-03.

• Agriculture and Allied Sectors:
  • The history of Agriculture in India dates back to Indus Valley Civilization and in some parts of Southern India.
  • It was found to be happening even before the Harappans.
  • Today, India ranks second worldwide in farm output.
  • The economic contribution of agriculture to India’s GDP is steadily declining with the country’s broad-based economic growth, yet, having nearly 50% of the population dependent on it for livelihood.
  • Agriculture, along with fisheries and forestry, is one of the largest contributors to the Gross Domestic Product (GDP).
  • As per the estimates by the Central Statistics Office (CSO), the share of agriculture and allied sectors (including agriculture, livestock, forestry, and fishery) is expected to be 17.3 percent of the Gross Value Added (GVA) during 2016-17 at 2011-12 prices.