All India Rural Financial Inclusion Survey (2021-22):
The latest All India Rural Financial Inclusion Survey (2021-22) indicates a reversal of the declining trend in rural households’ dependence on agriculture.
All India Rural Financial Inclusion Survey (2021-22):
- 57% of rural households were identified as “agricultural” in 2021-22, up from 48% in 2016-17. This includes semi-urban centers with less than 50,000 population. (NABARD’s All India Rural Financial Inclusion Survey)
- The average monthly income of agricultural households was ₹13,661 in 2021-22, compared to ₹8,931 in 2016-17. Agricultural households earned more than their non-agricultural counterparts. (NABARD Survey)
- Income from farming activities rose from 43.1% to over 45% in 2021-22. (NABARD Survey)
- The pandemic-induced economic slowdown caused a shift back to agriculture, which was less affected by lockdowns due to exemptions. (NABARD Survey and PLFS).
- PLFS data shows agriculture engaged 46.5% of India’s workforce in 2020-21, rising from 42.5% in 2018-19. (PLFS)
