The livestock sector alone represented 5.5 per cent of the total GVA, reflecting its dynamic growth trajectory, with a robust Compound Annual Growth Rate (CAGR) of 12.99 per cent.
Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs tabled Economic Survey 2024-25, in the Parliament today. The Economic Survey states that Allied Sectors have become key drivers of agriculture growth. The livestock sector alone represented 5.5 per cent of the total GVA, reflecting its dynamic growth trajectory, with a robust Compound Annual Growth Rate (CAGR) of 12.99 per cent. The economic significance of this sector is clearly illustrated by its escalating output value, which reached an astounding 17.25 lakh crore rupees (equivalent to US$205.81 billion) in FY23. Among the various branches of livestock production, the milk industry stands out, generating over Rs11.16 lakh crore (US$133.16 billion) in revenue. Government has supported the sector through interventions which include the Rashtriya Gokul Mission for the development and conservation of indigenous bovine breeds, the Livestock Health and Disease Control Program to enhance the well-being of livestock, Multipurpose AI Technicians in Rural India (MAITRIs) to deliver breeding inputs to farmers’ doorstep. In the last 4 years, 38736 MAITRIs have been inducted under Rashtriya Gokul Mission.
