Consider the following statements about the Statistical Report on Value of Output from Agriculture and Allied Sectors (2011-12 to 2023-24) released by NSO, MoSPI:
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The GVA of agriculture and allied sectors at current prices rose from ₹1,502 thousand crores in 2011-12 to ₹4,878 thousand crores in 2023-24, registering a growth of about 225%.
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The Gross Value of Output (GVO) at constant prices increased by around 54.6%, from ₹1,908 thousand crores in 2011-12 to ₹2,949 thousand crores in 2023-24.
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Banana overtook mango in 2023-24 as the top contributor to GVO in the fruit group.
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The contribution of fishing and aquaculture in agricultural GVO has declined from 7.0% in 2011-12 to 4.2% in 2023-24.
Which of the above statements is/are correct?
1, 2 and 3 only
1 and 2 only
2, 3 and 4 only
1, 2, 3 and 4
All of the above
Answer and explanation
The correct answer is A: 1, 2 and 3 only.
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Statement 1 is CORRECT: GVA of agriculture and allied sectors at current prices rose from ₹1,502 thousand crores in 2011-12 to ₹4,878 thousand crores in 2023-24 — a growth of approximately 225%. This reflects both real output growth and inflationary trends.
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Statement 2 is CORRECT: GVO at constant prices increased by around 54.6%, from ₹1,908 thousand crores to ₹2,949 thousand crores, indicating real productivity growth in the sector after eliminating inflation.
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Statement 3 is CORRECT: Banana overtook mango in 2023-24 as the top contributor to GVO in the fruit group. Bananas are grown year-round, have a shorter gestation period, and serve both domestic and export markets consistently. Mangoes, being seasonal and weather-dependent, have a relatively lower GVO despite popularity.
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Statement 4 is INCORRECT: The contribution of fishing and aquaculture has not declined. It has shown consistent growth driven by increasing seafood demand, technological advancements, and government support for the blue economy.
Note: GVA measures the contribution of a sector excluding taxes and subsidies. GVO represents the total value of goods and services produced including intermediate consumption.