This article is intended to understand the growth of Indian livestock sector in Indian as well as international economy. India has the largest population of livestock globally About 20.5 million people involves in Livestock rearing in India. The contribution of livestock to the total GVA (at constant prices) in agriculture and allied sectors increased from 24.32% in 2014-15 to 30.23% in 2022-23. All India %share of GVA Economic activity for the period of 2018 to 2023, at constant and current prices are discussed in this article. The share of Livestock in the GVA has shown a slight increase, rising from 5.1% in 2018-19 to 5.5% in 2022-23 for current prices and 4.2% in 2018-19 to 4.7% in 2022-23 for constant prices. . India is a leading player globally, especially in milk production, contributing nearly 25% of global Milk output . Egg Produced 142.77 billion nos of eggs in 2023-24, ranking second globally. These findings underscore the vital role of livestock in driving economic growth and sustaining livelihoods in both India and globally.
Table of Contents
1. Abstract
2. Introduction
3. Indian economy and livestock sector.
4. All India %share of GVA Economic activity (2018-2023).
4.1 *At current prices, base year 2011-2012.
4.2 *At constant prices, base year 2011-2012.
5. Indian Livestock and International Scenario.
5.1 1. Gross value added (GVA)contribution.
5.2 2. livestock population (2022).
5.3 3.Milk production.
5.4 4.Meat and Egg production
6. Conclusion
Objectives and Topics
The primary objective of this article is to analyze the growth and significance of the Indian livestock sector within both the domestic and international economic landscapes. The research examines the sector's contribution to the Gross Value Added (GVA), employment generation, and production volumes of milk, meat, and eggs, while highlighting the sector's resilience amidst broader agricultural challenges.
- Contribution of the livestock sector to India's Gross Value Added (GVA).
- Comparative analysis of livestock production (milk, meat, and eggs) in India and the global context.
- Economic impact of livestock rearing on rural livelihoods and employment.
- Trends in livestock-related economic data from 2014 to 2024.
Excerpt from the Book
Indian economy and livestock sector.
Livestock rearing is one of the most important economic activities in the rural areas and provides income to household dependent on agriculture and landless households. About 20.5 million people involves in Livestock rearing in India. The livestock sector is a vital sector of India's economy and sector grew at an impressive Compound Annual Growth Rate (CAGR) of 8% constant prices. It provides employment to about 8.8% of total population against total GVA growth of 6% (2014-23). The contribution of livestock to the total GVA (at constant prices) in agriculture and allied sectors increased from 24.32% in 2014-15 to 30.23% in 2022-23. The livestock sector contributed 5.50 per cent of the total GVA in 2022-23.
India is 1st rank in milk production in the world. Milk production has increased by 51.05% over the past 10 years from 146.31 million tonnes during 2014-15 to 239.30 million tonnes during 2023-24. 06 The per capita availability of milk is 471 grams per day in 2023-24 as against the world average of 394 grams per day during 2021.India is the ranks 2nd in Egg Production and Egg production in the country is growing at the rate (CAGR) of 6.87% per annum. The per capita availability of egg is at 103 eggs per annum in 2023-24. India is 5th in meat production in the world. Meat production in the country has increased from 6.69 million tonnes in 2014-15 to 10.25 million tonnes in 2023-24. Meat production in the country is growing at the rate (CAGR) of 4.85% per annum. The per capita availability of meat is at 7.39 Kg per annum in 2023-24. Livestock rearing is a major source of livelihood for over 70% of rural households in India, with a significant proportion being small and marginal farmers and landless laborers. This sunrise sector provides employment to about 80 million people across India. India's exports of Animal Products in 2023-24 was Rs. 37,665.51 Crores/4,543.52 USD Millions. The demand for Indian buffalo meat in the international market has sparked a sudden increase in meat exports. Buffalo meat dominated the exports with a contribution of over 82% in total Animal Products export from India in 2023-24.
Summary of Chapters
Abstract: This section provides an overview of the growth of India's livestock sector, highlighting its increasing contribution to Gross Value Added (GVA) and global output rankings in milk and egg production.
Introduction: This chapter traces the historical context of India's agricultural progress from the Green Revolution to its current status as a top global livestock producer, emphasizing the sector's vital role in food security and nutrition.
Indian economy and livestock sector.: This chapter details the economic relevance of the livestock sector, focusing on employment provision, substantial GVA growth, and specific production data for milk, meat, and eggs.
All India %share of GVA Economic activity (2018-2023).: This chapter breaks down GVA shares at current and constant prices, illustrating the relative stability and slight upward trend of the livestock sector compared to other agricultural segments.
Indian Livestock and International Scenario.: This chapter presents a quantitative analysis of GVA contributions, population statistics for various livestock, and a comparative study of global production rankings.
Conclusion: This chapter summarizes the resilience shown by the livestock sector despite broader agricultural slowdowns and economic challenges faced by the Indian economy in recent years.
Keywords
Indian Economy, Livestock Sector, Gross Value Added, Milk Production, Egg Production, Meat Exports, Agricultural Growth, Rural Livelihoods, Compound Annual Growth Rate, Global Scenario, Buffalo Meat, Employment, Food Security, Livestock Population, Sustainability.
Frequently Asked Questions
What is the core subject of this paper?
The paper examines the economic significance and growth trends of the Indian livestock sector, evaluating its contributions to national and international markets.
What are the central themes discussed in the analysis?
Key themes include the sector's contribution to GVA, livestock population statistics, and production performance for milk, meat, and eggs.
What is the primary goal of this research?
The primary goal is to assess the development of the Indian livestock sector and understand its role in driving national economic growth and sustaining rural livelihoods.
Which methodology is employed in the work?
The paper utilizes a documentary and data-driven analysis method, evaluating economic reports and statistical data from sources like the FAO and various Indian government ministry records.
What topics are covered in the main body of the work?
The main body covers individual product performance, growth rates (CAGR), comparative global standings, and the sector's performance metrics against constant and current prices.
Which keywords define this document?
Significant keywords include GVA, Livestock rearing, Milk production, CAGR, Rural economy, and Animal products export.
How has the livestock sector performed relative to the overall agricultural economy?
The sector displayed high resilience, showing growth and an increased share of agricultural GVA, even while the broader agricultural sector faced significant challenges such as weather-related downturns.
What specific role does the buffalo play in India's livestock economy?
Buffaloes are critical contributors to milk production and dominate the meat export market, accounting for over 82% of total animal product exports.
- Quote paper
- Aswathy Padma (Author), 2024, Recent contribution of Indian Economy in Livestock sector and international scenario, Munich, GRIN Verlag, https://www.grin.com/document/1531892
