21
Table 2.8(c): Share of Agriculture Expenditure in Combined Capital
Expenditure of the Centre and States
(
`
Crore)
Year
GDP at
Current
Market
Prices
Aggregate
Expenditure
Development
Expenditure
Expenditure on Agriculture &
Allied Activities
Total
Expenditure
% of
GDP
% of
Aggregate
Expenditure
% of
Development
Expenditure
1985-86 289524
21365
19340
984 0.3
4.6
5.1
1986-87 323949
26295
22960
232
@
0.1
0.9
1.0
1987-88 368211
25884
21117
232
@
0.1
0.9
1.1
1988-89 436893
27752
22686
235
@
0.1
0.8
1.0
1989-90 501928
32327
26055
615 0.1
1.9
2.4
1990-91 586212
33826
26468
668 0.1
2.0
2.5
1991-92 673875
35312
26893
306 0.0
0.9
1.1
1992-93 774545
41949
28593
834 0.1
2.0
2.9
1993-94 891355
44616
31283
691 0.1
1.5
2.2
1994-95 1045590
46945
39145
1003 0.1
2.1
2.6
1995-96 1226725
48617
36494
1012 0.1
2.1
2.8
1996-97 1419277
46383
36422
793 0.1
1.7
2.2
1997-98 1572394
56016
44765
1690 0.1
3.0
3.8
1998-99 1803378
66211
46648
2238 0.1
3.4
4.8
1999-00 2012198
72777
55737
2587 0.1
3.6
4.6
2000-01 2168652
72792
56473
3712 0.2
5.1
6.6
2001-02 2348330
84590
64417
4416 0.2
5.2
6.9
2002-03 2530663
85521
65840
1842 0.1
2.2
2.8
2003-04 2837900
119289
97462
2379 0.1
2.0
2.4
2004-05 3242209
138440
101321
4282 0.1
3.1
4.2
2005-06 3693369
158543
121241
5543 0.2
3.5
4.6
2006-07 4294706
181623
142825
7116 0.2
3.9
5.0
2007-08 4987090
244106
198789
9074 0.2
3.7
4.6
2008-09 5630063
239743
189281
12432 0.2
5.2
6.6
2009-10 6457352
284992
220452
16424 0.3
5.8
7.5
2010-11
(R.E.)
7674148
352187
276555
13641 0.2
3.9
4.9
2011-12
(B.E.)
8855797
392581
294646
18093 0.2
4.6
6.1
@
These figures appear odd but they are as they appear at source.
Source:
Ministry of Finance (Department of Economic Affairs) Government of India (2012):
Indian Public
Finance Statistics 2011-12
& earlier issues
Insofar as agricultural investment is concerned, a distinct long-term
trend noticed is that the share of agriculture in the country’s total gross capital
formation (GCF) has been progressively declining since the early 1980s. In
1980-81, the share was 15.7% and after steadily declining to the lowest level
of 7.9% in 1997-98, it improved for a while until 2002-03 when the share
ranged between 10.5% and 11.9%. Thereafter, it again slumped and ranged
