In the financial year 2022, incomes for farm families registered a five percent growth. Healthy commodity prices aided a six percent rise in rural incomes. Going ahead, the incomes in the sector are expected to remain stagnant due to lower farm commodity prices and an expected decline in Mahatma Gandhi National Rural Employment Guarantee (MGNREGA) allocations.
Change in farm family income in India during financial year 2012 to 2022, with estimates until 2024
* Estimates
The source uses 50 to 55 percent of farm family income from cultivation, dairy and MGNREGA, with rest from wages, remittances and others).
India's financial year begins in April and ends in March. For example, FY 2022 started in April 2021 and ended in March 2022.
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Crisil. (March 17, 2023). Change in farm family income in India during financial year 2012 to 2022, with estimates until 2024 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1393613/india-change-in-farm-family/
Crisil. "Change in farm family income in India during financial year 2012 to 2022, with estimates until 2024." Chart. March 17, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1393613/india-change-in-farm-family/
Crisil. (2023). Change in farm family income in India during financial year 2012 to 2022, with estimates until 2024. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1393613/india-change-in-farm-family/
Crisil. "Change in Farm Family Income in India during Financial Year 2012 to 2022, with Estimates until 2024." Statista, Statista Inc., 17 Mar 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1393613/india-change-in-farm-family/
Crisil, Change in farm family income in India during financial year 2012 to 2022, with estimates until 2024 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1393613/india-change-in-farm-family/ (last visited November 10, 2024)
Change in farm family income in India during financial year 2012 to 2022, with estimates until 2024 [Graph], Crisil, March 17, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1393613/india-change-in-farm-family/
