Question

What is the contribution of Indian fisheries to national economy (GVA/GDP) and to Agricultural economy respectively in 2021-22 ?

• A. 2.1% and 8.89%
• B. 1.0% and 4.78%
• C. 1.1% and 6.72%
• D. 0.98% and 5.36%

Hint:

Remember the "1.1% and 6.7%" rule of thumb for Indian fisheries' share in national GVA and agricultural GVA, respectively, during the 2021-22 period.

Answer 1

The Correct Option is C

Step 1: Understanding the Concept:
The contribution of any sector to the national economy is evaluated based on its share in Gross Value Added (GVA) or Gross Domestic Product (GDP).
Fisheries is classified as a sub-sector within the broader Agriculture, Forestry, and Fishing sector.
Detailed Explanation:
According to national account statistics published by the Ministry of Statistics and Programme Implementation (MOSPI) for 2021-22:
- The fisheries sector contributes approximately 1.09% (rounded to 1.1%) to India's total national Gross Value Added (GVA).
- Within the agricultural sector specifically, fisheries contributes approximately 6.72% of the total agricultural GVA.
This highlights the sector's importance as an engine of growth within the primary sector, consistently growing at a faster rate than traditional crop agriculture.

Step 2: Final Answer:
The contribution of fisheries to the national GVA and agricultural GVA is 1.1% and 6.72%, respectively, which corresponds to option (3).