India's macroeconomic health reflects a subdued inflation rate and growth-supportive monetary stance. Gross Fixed Capital Formation (GFCF) as a percentage of GDP stood at 33.40% in FY25 compared to 33.51% in FY24 and 33.64% in FY23. Private Final Consumption Expenditure (PFCE) growth reached 7.62% in FY25, up from 5.56% in FY24. [1]
The Agriculture and Allied Activities sector contributes approximately 16% to India's GDP for FY24 (PE) and supports about 46.1% of the population. India accounts for 11.6% of total global cereal output. Crop sector GDP grew at a CAGR of 2.1% from FY13 to FY22. Kharif foodgrain production in 2024 is projected at 1,647.05 Lakh Metric Tonnes (LMT), an increase of 89.37 LMT over the previous year. [1]
| Figure | Period | Value |
|---|---|---|
| Gross Fixed Capital Formation [1] | FY2025 | 33.4% estimate |
| Gross Fixed Capital Formation [1] | FY2024 | 33.51% |
| Private Final Consumption Expenditure (PFCE) Growth [1] | FY2025 | 7.62% estimate |
| Private Final Consumption Expenditure (PFCE) Growth [1] | FY2024 | 5.56% |
| Share of Agriculture in India GDP [1] | FY2024 | 16% |
| Population Supported by Agriculture [1] | FY2024 | 46.1% |
| India Share of Global Cereal Output [1] | FY2024 | 11.6% |
| Projected Kharif Foodgrain Production [1] | 2024 | 1,647 Lakh Metric Tonnes forecast |
The food processing industry accounts for 12.41% of total employment in organised manufacturing in India. Agri-food exports reached USD 46.44 billion in FY24, constituting 11.7% of India's total exports. The share of processed food exports within agri-food exports expanded from 14.9% in FY18 to 23.4% in FY24. Government initiatives like Pradhan Mantri Kisan Sampada Yojana (PMKSY) and PMFME drive sector infrastructure and modernization. [1]
| Figure | Period | Value |
|---|---|---|
| Share of Food Processing in Organised Manufacturing Employment [1] | FY2024 | 12.41% |
| Agri-Food Exports [1] | FY2024 | US$46.44 billion |
| Share of Processed Food Exports in Agri-Food Exports [1] | FY2024 | 23.4% |
| Share of Agri-Food Exports in Total India Exports [1] | FY2024 | 11.7% |
| Topic | Figure | Period | Value |
|---|---|---|---|
| Overview | Gross Fixed Capital Formation [1] | FY2025 | 33.4% estimate |
| Overview | Gross Fixed Capital Formation [1] | FY2024 | 33.51% |
| Overview | Private Final Consumption Expenditure (PFCE) Growth [1] | FY2025 | 7.62% estimate |
| Overview | Private Final Consumption Expenditure (PFCE) Growth [1] | FY2024 | 5.56% |
| Overview | Share of Agriculture in India GDP [1] | FY2024 | 16% |
| Overview | Population Supported by Agriculture [1] | FY2024 | 46.1% |
| Overview | India Share of Global Cereal Output [1] | FY2024 | 11.6% |
| Overview | Projected Kharif Foodgrain Production [1] | 2024 | 1,647 Lakh Metric Tonnes forecast |
| Other | Share of Food Processing in Organised Manufacturing Employment [1] | FY2024 | 12.41% |
| Other | Agri-Food Exports [1] | FY2024 | US$46.44 billion |
| Other | Share of Processed Food Exports in Agri-Food Exports [1] | FY2024 | 23.4% |
| Other | Share of Agri-Food Exports in Total India Exports [1] | FY2024 | 11.7% |
Built from 1 source: 1 independent research. Each figure carries its source number, which links to the full source list with dates and page references.
Figures are quoted from the sources listed above, with their dates and page references. They are not FinMinutes estimates and are not a recommendation about any security. All industries →