Agriculture 2019 Budget LIVE

Agriculture is a state subject. The Union Budget allocation under the Ministry is largely focused on subsidies and transfers to states for centrally sponsored schemes. India's agriculture budget doubled over five years to Rs 57,600 crore in 2018-19 under the National Democratic Alliance (NDA) government, three times that of the last United Progressive Alliance (UPA) government budget in 2013-14, with the highest increase of 79 percent over the previous year coming in 2016-17. As a proportion of the total budget, however, the NDA's allocations for agriculture were largely static, at an average of 2 percent over the past four years, rising from an average of 1.3 percent during the second term of the UPA, according to an IndiaSpend analysis of budgetary data. In 2018-19, it rose 2.3 percent over the previous year. Agriculture is the primary source of livelihood for about 58 per cent of India's population. Gross Value Added by agriculture, forestry and fishing is estimated at Rs 18.53 trillion (US$ 271.00 billion) in FY18, according to the Indian Brand Equity Foundation (IBEF).

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