Six per cent would be the highest for the farm and allied sector in the gross domestic product series launched with the base year of 2011-12, against the earlier one of 2004-05.
Annual expansion has been less than two per cent in the first four years of the 12th Five-Year Plan (2012-17) against a target of four per cent. This was largely due to droughts in 2014 and 2015, pulling down agricultural production and leading to overall distress in rural areas.
Recent weather predictions indicate the El Niño weather phenomenon, which caused the droughts, is on the wane. With a normal monsoon, the area under crops will increase and so will the productivity.
Foodgrain production in crop year (July-June) 2014-15 fell to 252 million tonnes (mt) from 265 mt in 2013-14. The 2015-16 crop is estimated at 253 mt.
Chand said NITI Aayog would undertake a project in five villages in Bihar, with the Bill & Melinda Gates Foundation, on raising the productivity of pulses.
He said he supported the spread of genetically modified crop varieties, to boost farm production.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)