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Q2 agricultural growth fastest in 2 years

Production of foodgrains in this year's kharif rose by 8.9% as compared to a decline of 3.2% during the earlier one

Sanjeeb Mukherjee  |  New Delhi 

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as measured in Gross Value Added (GVA) at constant prices was the highest in two years this July-September quarter, second (Q2) of four in this financial year.

The rate of rise was 3.3 per cent, on the back of a record harvest, aided by a good monsoon.

If production during the ongoing season matches the target and demonetisation doesn’t have a big impact on farmers, then, says P K Joshi, South Asia director at the International Food Policy Research Institute, we could have a growth rate exceeding four per cent in agriculture and allied activities during 2016-17. 

The 3.3 per cent growth in compares to two per cent in the same period last year, and 1.8 per cent in this year’s April-June quarter.

Around 51 per cent of the in agriculture and allied activity is based on livestock products, forestry and fisheries, which had combined growth of 3.6 per cent in the quarter.

Joshi felt there was not likely to be any adverse impact of demonetisation on farm growth, as sowing is done in about a third of the arable land, where farmers are relatively wealthier.

Production of foodgrains in this year's rose by 8.9 per cent as compared to a decline of 3.2 per cent during the earlier one. In absolute numbers, the grain production in 2016 has been estimated at a record 135.03 million tonnes (mt), with bumper rice and pulses production. Pulses output in the si estimated at nine mt. 

The southwest monsoon (June to September) was around 97 per cent of the Long Period Average (LPA). Though lower than the weather office prediction, it was the first normal monsoon in the country since 2013. Rainfall from 96-104 per cent of the is considered normal. Around 85 per cent of the geographical area received normal or excess rain. 

Of the 36 meteorological subdivisions, 23 constituting 72 per cent of the country's total area had normal rain and four had excess (13 per cent of the total area) during the season. Nine sub-divisions were deficient.

At end-September, the levels in 91 major reservoirs was 117 billion cubic metres or 74 per cent of their full capacity.

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Q2 agricultural growth fastest in 2 years

Production of foodgrains in this year's kharif rose by 8.9% as compared to a decline of 3.2% during the earlier one

Production of foodgrains in this year's kharif rose by 8.9% as compared to a decline of 3.2% during the earlier one
as measured in Gross Value Added (GVA) at constant prices was the highest in two years this July-September quarter, second (Q2) of four in this financial year.

The rate of rise was 3.3 per cent, on the back of a record harvest, aided by a good monsoon.

If production during the ongoing season matches the target and demonetisation doesn’t have a big impact on farmers, then, says P K Joshi, South Asia director at the International Food Policy Research Institute, we could have a growth rate exceeding four per cent in agriculture and allied activities during 2016-17. 

The 3.3 per cent growth in compares to two per cent in the same period last year, and 1.8 per cent in this year’s April-June quarter.

Around 51 per cent of the in agriculture and allied activity is based on livestock products, forestry and fisheries, which had combined growth of 3.6 per cent in the quarter.

Joshi felt there was not likely to be any adverse impact of demonetisation on farm growth, as sowing is done in about a third of the arable land, where farmers are relatively wealthier.

Production of foodgrains in this year's rose by 8.9 per cent as compared to a decline of 3.2 per cent during the earlier one. In absolute numbers, the grain production in 2016 has been estimated at a record 135.03 million tonnes (mt), with bumper rice and pulses production. Pulses output in the si estimated at nine mt. 

The southwest monsoon (June to September) was around 97 per cent of the Long Period Average (LPA). Though lower than the weather office prediction, it was the first normal monsoon in the country since 2013. Rainfall from 96-104 per cent of the is considered normal. Around 85 per cent of the geographical area received normal or excess rain. 

Of the 36 meteorological subdivisions, 23 constituting 72 per cent of the country's total area had normal rain and four had excess (13 per cent of the total area) during the season. Nine sub-divisions were deficient.

At end-September, the levels in 91 major reservoirs was 117 billion cubic metres or 74 per cent of their full capacity.
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Business Standard
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Q2 agricultural growth fastest in 2 years

Production of foodgrains in this year's kharif rose by 8.9% as compared to a decline of 3.2% during the earlier one

as measured in Gross Value Added (GVA) at constant prices was the highest in two years this July-September quarter, second (Q2) of four in this financial year.

The rate of rise was 3.3 per cent, on the back of a record harvest, aided by a good monsoon.

If production during the ongoing season matches the target and demonetisation doesn’t have a big impact on farmers, then, says P K Joshi, South Asia director at the International Food Policy Research Institute, we could have a growth rate exceeding four per cent in agriculture and allied activities during 2016-17. 

The 3.3 per cent growth in compares to two per cent in the same period last year, and 1.8 per cent in this year’s April-June quarter.

Around 51 per cent of the in agriculture and allied activity is based on livestock products, forestry and fisheries, which had combined growth of 3.6 per cent in the quarter.

Joshi felt there was not likely to be any adverse impact of demonetisation on farm growth, as sowing is done in about a third of the arable land, where farmers are relatively wealthier.

Production of foodgrains in this year's rose by 8.9 per cent as compared to a decline of 3.2 per cent during the earlier one. In absolute numbers, the grain production in 2016 has been estimated at a record 135.03 million tonnes (mt), with bumper rice and pulses production. Pulses output in the si estimated at nine mt. 

The southwest monsoon (June to September) was around 97 per cent of the Long Period Average (LPA). Though lower than the weather office prediction, it was the first normal monsoon in the country since 2013. Rainfall from 96-104 per cent of the is considered normal. Around 85 per cent of the geographical area received normal or excess rain. 

Of the 36 meteorological subdivisions, 23 constituting 72 per cent of the country's total area had normal rain and four had excess (13 per cent of the total area) during the season. Nine sub-divisions were deficient.

At end-September, the levels in 91 major reservoirs was 117 billion cubic metres or 74 per cent of their full capacity.

image
Business Standard
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