Capital investment in agriculture and allied sectors has witnessed a steadily increasing trend in recent years. It has risen from 13.5% in 2004-05 to 20.1% in 2010-11. This growth has been possible because of initiatives taken by the Government to make agriculture a sustainable vocation.
Investment in public sector includes irrigation works, command area development, land reclamation,afforestation and development of state farms. Private sector investment includes construction activities including improvement/reclamation of land, construction of non-residential buildings, farm houses, wells and other irrigation works.
The capital investment is measured in terms of Gross Capital Formation (GCF) relative to the country’s Gross Domestic Product (GDP).
As per Annual Report of the Department of Agriculture and Cooperation for the year 2011-12, GCF in agriculture and allied sectors in 2010-11 was Rs. 142254 crore. It was Rs. 76,096 crore in 2004-05.
GCF in agriculture and allied sectors from 2004-05 to 2010-11 is represented in the following graph.
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