India's agriculture growth slips to 4.5% in Q4 on higher base -Sanjeeb Mukherjee

-Business Standard

For 2017-18, overall full year, growth in agriculture and allied activities was estimated at 3.4 per cent as against 6.3 per cent clocked in 2016-17

India’s agriculture growth in the January to March quarter of 2017-18 dipped to 4.5 per cent as compared to 7.1 per cent in the same period last year despite a bumper production largely because of higher base.

Though, the 4.5 per cent growth in agriculture and allied activities clocked during the fourth quarter of 2017-18 was highest in the year, but it wasn’t good enough to pull overall farm sector growth to over 4 per cent in 2017-18 full year.

For 2017-18, overall full year, growth in agriculture and allied activities was estimated at 3.4 per cent as against 6.3 per cent clocked in 2016-17.

Going forward, experts believed that if monsoon remains fairly normal in 2018 also, India might clock a 4 per cent growth in agriculture and allied activities.

“The third advance estimates of food grain production was 279.51 million tonnes in 2017-18 which is higher than the second advance estimates of food grain production during 2017-18 of 277.49 million tonnes and final estimates of 275.11 million tonnes during the agricultural year 2016-17,” an official statement said.

Please click here to read more.

Leave a Reply

Your email address will not be published. Required fields are marked *