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The Ministry of Statistics and Programme Implementation (MoSPI) released a report on the Gross Value of Output (GVO) for agriculture and allied activities from 2011–12 to 2023–24, highlighting shifts in sectoral contributions.
Gross Value of Output (GVO) represents the total value of goods and services produced within an economy during a specific period, before deducting the cost of intermediate inputs.
Gross Value Added (GVA) represents the total value of goods and services produced in an economy, sector, or industry, after deducting the cost of inputs. |
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Floriculture is a branch of horticulture that deals with the cultivation, processing and marketing of ornamental plants including flowers, for various purposes such as landscaping, gardens, and the floral industry. |
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‘Agriculture and Allied Activities ‘sector contributes ~16% of the country’s GDP for FY24 at current prices and supports ~46.1% of the population. |
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Government Initiatives for Agriculture & Allied Sectors
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