Business Standard

Doubling of farm income unrealistic: How agriculture fared in Covid-19 era

India's gross domestic product that had grown by 5.2% and 4.4% in the first two quarters of 2019-20, contracted by 23.9% and 7.5% in the first and second quarters, respectively, of 2020-21

farmers, agriculture, MONSOON, produce, products, grains, apmc, market, msp, godown, cold storage, farming, farmers, economy, sowing
Premium

In India, 44.2% of the workforce is employed in agriculture and more than eight in 10 farmers are small and marginal--owning less than two hectares of land.

Shreehari Paliath | IndiaSpend New Delhi
Even as the pandemic-led crisis shrank India's overall economy, its agriculture sector, supported by a normal monsoon, robust kharif sowing and adequate water storage in reservoirs, remained a "bright spot", as per the Reserve Bank of India.

India's gross domestic product that had grown by 5.2% and 4.4% in the first two quarters of 2019-20, contracted by 23.9% and 7.5% in the first and second quarters, respectively, of 2020-21, per government data. However, agriculture appeared to have escaped the impact of the slump caused by the pandemic--it grew at 3.4% in both quarters, close to the 2019-20 rates.

"It is

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in