The share of livestock in the GVA of agriculture and allied sectors has been consistently

🔎 Gross Value Added (GVA)

→ Gross value added (GVA) is an economic productivity metric that measures the contribution of a corporate subsidiary, company, or municipality to an economy, producer, sector, or region.

→ GVA can be defined as output produced after deducting the intermediate value of consumption.

→ This can also be mentioned as GVA = Gross Domestic Product + Subsidies on products – Taxes on products.

→ The contribution of livestock in total agriculture and allied sector GVA (at constant prices) has increased from 24.32 per cent (2014-15) to 29.35 per cent (2019-20).