Impact of the COVID-19 Pandemic on Indian Agriculture

T. Ramanathan; T. Veerapandi; P. Palanikumar

doi:10.34293/economics.v12i1.6902

T. Ramanathan Assistant Professor, Department of Environmental Economics School of Economics, Madurai Kamaraj University, Madurai, Tamil Nadu, India https://orcid.org/0000-0003-4309-8733
T. Veerapandi Ph.D Scholar, Department of Environmental Economic School of Economics, Madurai Kamaraj University, Madurai, Tamil Nadu, India
P. Palanikumar Research Scholar Department of Economics Bharathiar University, Coimbatore,Tamilnadu, India

DOI: https://doi.org/10.34293/economics.v12i1.6902

Keywords: GVA, COVID-19, Supply Chain, Pandemic, Indian Agriculture, Minimum Support Prices

Abstract

The largest employment in India, agriculture and related sectors, remained to be spared the worst effects of the COVID-19 epidemic and is expected to rise by 3.9% in 2021–2022 as opposed to 3.6 per cent in 2020–21. There is a long-term trend for the sector’s share of the economy’s total GVA to be approximately 18 percent. However, the agriculture and related sector percentage of the overall GVA increased to 20.2 per cent in 2020–21 and 18.8 per cent in 2021–22. The current fiscal year, which ends in March 2022, is predicted to see growth in the Indian agriculture sector of 3.5 per cent. This industry was one of the few to remain resilient during the pandemic storms.