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India’s Farm Output Reaches ₹29.49 Lakh Crore in FY24, Shows NSO Report.

Economy Business | Dated: 30 Jun 2025

On June 28, 2025, the National Statistics Office (NSO) released its annual Statistical Report on Value of Output from Agriculture and Allied Sectors, revealing that India’s farm output reached ₹29.49 lakh crore in FY 2023–24 at constant 2011–12 prices—a 54.6% rise since FY12.

🎯 Key Highlights:

  • - The Gross Value of Output (GVO) from agriculture and allied activities climbed from ₹19.08 lakh crore in FY12 to ₹29.49 lakh crore in FY24 (constant prices), indicating a robust 54.6% increase over twelve years.
  • - At current prices, Gross Value Added (GVA) surged by approximately 225%, up from ₹15.02 lakh crore in FY12 to ₹48.78 lakh crore in FY24—showcasing the sector's amplified economic contribution.
  • - The crop segment remained the primary driver with ₹15.95 lakh crore GVO in FY24, accounting for 54.1% of total agricultural output. Cereals, fruits, and vegetables represented over 52% of crop output value.

💡 Other Important Facts:

  • (i) Among cereals, paddy and wheat made up approximately 85% of cereal GVO. In the fruits category, banana (₹47,000 crore) overtook mango (₹46,100 crore), while potato led the vegetable GVO at ₹37,200 crore in FY24.
  • (ii) Production in floriculture nearly doubled, rising from ₹17,400 crore in FY12 to ₹28,100 crore in FY24. Similarly, livestock, forestry, and fisheries sectors saw healthy growth, reflecting the diversification of India’s agri-allied economy.
  • (iii) Five agricultural powerhouses—Uttar Pradesh, Madhya Pradesh, Punjab, Telangana, and Haryana—contributed around 53% of total cereal output GVO in FY24. Uttar Pradesh retained its lead, though its share slightly reduced from 18.6% (FY12) to 17.2% (FY24).

📚 Test Your Knowledge:

What was the total value of India’s farm output in FY24 as per the recent NSO report?

Correct Answer: ₹29.49 lakh crore

🚀 Quick Recap: