The real gross value added by agricultural sector in India in fiscal year 2018 amounted to about 20.7 trillion Indian rupees. A decreasing trend in this value can be attributed to decreasing agricultural prices, with most of them below the minimum support prices, along with an increase in urbanization and the expansion of the country's services and manufacturing industries. The growth rate of GVA in the agricultural sector has decreased to about two percent in fiscal year 2018 from about five percent in fiscal year 2017.
Production of cereals is one of the primary contributions of the agricultural sector to India. Cereals account for almost 46 percent of the Indian agricultural market. The annual yield of coarse cereals was about 1,784 kilograms per hectare in fiscal year 2017. There has been a constant increase in annual yield of cereals across the country.
The arable land area in the country is the second largest in the world after United States. The total cultivated land area in India in fiscal year 2016 was approximately 1.5 million hectares. According to the World Bank, as of 2015, approximately 38 percent of the land area in India is suitable for agriculture. This value is decreasing continuously due to urbanization.
Organic farming has a huge potential in the country. It started mostly as trial operations on farms less than one acre in size. The total organic area is about 5.71 million hectares. Sugar crops are mainly cultivated using this method.
Rice and wheat are the two main food staples for Indians. India is the second largest producer of both rice and wheat across the world. Even though farming makes up a large share of agriculture in the country, livestock rearing along with fishing also contribute significantly to feeding India's population as well its economy.