Farm sector to grow 3.7% in Oct-Dec on kharif output: 2nd advance estimates

The Gross Value Added (GVA) in agriculture and allied activities is projected to clock its best growth in FY23 during the October-to-December quarter, at 3.7 per cent, on the back of a strong kharif harvest, according to the second advance estimates of national income.

In the third quarter of FY22, GVA in the sector was 2.3 per cent at constant prices.

At current prices, the growth in the third quarter of this financial year is projected at 8.6 per cent, which is almost at the same level in the corresponding quarter of FY22.

This translates into an inflation impact of