Economic Importance

ECONOMIC IMPORTANCE

  • Livestock sector is an important component of the Indian agriculture, ranking in importance after crop production, from the viewpoint of its contribution to the Gross National Product (GNP) as well as the employment potential in rural areas.
  • The share of the livestock product is estimated a 5.21% of GDP in 2007 -2008.
  • National sample survey has reported that in India livestock activities are carried out by over 90% of small cultivators and low wage earners to supplement their income.
  • The value of output of the Livestock and Fisheries Sector in 2009-10 amounted to Rs. 4,08,386 crores at current prices – about 29.7% share in the agriculture and allied activities sector.
Last modified: Monday, 28 November 2011, 6:33 PM