India: change in farm family income 2022

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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

Characteristic	Change in farm family income
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Release date

March 2023

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Region

India

Survey time period

FY 2017 to FY 2022

Supplementary notes

* 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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