SCRIPTING FUTURE HISTORIES - Sun Media Pte Ltd
SCRIPTING FUTURE HISTORIES - Sun Media Pte Ltd
SCRIPTING FUTURE HISTORIES - Sun Media Pte Ltd
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Indian<br />
Industry<br />
Agriculture<br />
India is the second-largest producer of food in the world and holds<br />
the potential of being the biggest on global food and agriculture<br />
canvas, according to a Corporate Catalyst India (CCI) survey. The<br />
food processing industry is one of the largest in India in terms of<br />
production, consumption, export and expected growth. The Indian<br />
food industry is projected to reach US$ 300 billion by 2015.<br />
Agriculture, including allied activities, accounted for 14.5% of Gross<br />
Domestic Product (GDP) at 2004-05 prices in 2010-11. The sector is<br />
critical from the income distribution perspective, as it accounted for<br />
about 58% employment in the country, according to Census 2001.<br />
In terms of composition, out of the total share of 14.5% that<br />
agriculture and allied sectors had in GDP in 2010-11, agriculture<br />
alone accounted for 12.3%, followed by forestry and logging at 1.4%<br />
and fishing at 0.7%.<br />
The average annual growth in agriculture and allied sectors realised<br />
during the first four years of the 11th Plan Period, i.e. 2007-08 to<br />
2010-11, is 3.5%.