The agricultural sector, inclusive of hunting, forestry, and fishing, contributed 15.11% to India's GDP in 2023. This share is projected to decrease steadily from 2024 to 2028, dropping from 15.11% to 14.04%. This forecasted decline suggests a gradual but persistent reduction in agriculture's relative economic importance.
Key percent changes year-over-year are:- 2024 to 2025: a decrease of 1.84%- 2025 to 2026: a decrease of 1.82%- 2026 to 2027: a decrease of 1.78%- 2027 to 2028: a decrease of 1.82%
Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) shows an average annual decline of approximately 1.83%.
Future trends to watch include technological advancements in agriculture, policy shifts towards sustainable farming, climate change impact, and evolving market demand patterns that may influence the sector's contribution to GDP.
