As per the Economic Survey, what is the average annual

Solution

According to the Economic Survey, the Indian agriculture sector has seen a buoyant performance over the last five years, with an average annual growth rate of 4.18% at constant prices. However, as per the provisional estimates for 2023-24, the growth rate of the agriculture sector stood at 1.4%. The sector plays a vital role in providing livelihood support to approximately 42.3% of the population and contributing 18.2% to the country’s GDP at current prices. Despite a decline in growth for 2023-24, the sector remains critical to India’s economy.