-The Hindu Business Line
While production has dropped, it has not been accompanied by a commensurate increase in price
Last week, while the CSO released the Q1 GDP numbers, it also showed numbers for agriculture, forestry and fishing as a segment. For the June quarter, this segment’s growth in real terms was 2 per cent, against 5.1 per cent in the same quarter of the previous year.
Agri GDP growth has been sliding since the beginning of 2018-19. Against the 5 per cent growth reported in 2017-18, the year 2018-19 ended with a growth of 2.75 per cent.
Though broad numbers from the Ministry of Agriculture show that the country has been doing well on crop output, dissecting it reveals that there has been a drop in production in some major food as well as non-food crops.
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