LUCKNOW: Despite record foodgrain production during the course of the past few years, the share of agriculture and allied sectors to India's gross domestic product (GDP) has declined by more than 4.5% between 2004-05 and 2010-11; while the share of services in the gross domestic product has increased by more than 4.6% during the same period; apex industry bodyAssocham has said.
Moreover, the share of agriculture and allied sectors in the gross state domestic product (GSDP) of the top 19 states in India declined significantly during the aforesaid five-year period, thereby registering a fall ranging between about 2% to about 12% in the GSDP, according to a sector specific analysis carried out by Assocham.
While the industrial sector saw a paltry increase of 0.5%, the mining and quarrying sectors marginally dipped by 0.6% across India during the aforesaid period; according to the Assochamanalysis. The industry sector in Punjab saw a surge of about 6.27%, followed by Uttarakhand, where the industry sector grew by about 6.13%. Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Himachal Pradesh, Madhya Pradesh, Maharashtra, Odisha and Uttar Pradesh are other states that saw marginal growth in industrial sector."Jharkhand is the only state across top 20 states in India to have witnessed a surge of over 3% and about 11% in the share of agriculture-allied activities and services sector respectively in its GSDP," said DS Rawat, national secretary general of Assocham, while releasing the findings of the chamber's analysis.
The share of agriculture and allied sectors in the GSDP has fallen drastically by 7% in Uttar Pradesh. Expressing concern over the decline in the share of agri-allied activities in the GSDP of almost all the states, Rawat said that, "This calls for increased investments in research and development for speedy improvement in yield, besides addressing infrastructure requirements in storage, communication, roads, and markets, in the agriculture sector."
According to an Assocham-Yes Bank study titled '2nd Green Revolution: Agriculture to Agribusiness,' the government must push agricultural reforms, including streamlining of norms to promote private sector investments in the sector.
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