Farm sector set to grow at 3.9% in FY22: First advance estimates

The gross value added (GVA) in agriculture and allied activities in FY22 is slightly higher than the long-term average for the sector which is 3-4 per cent

Agriculture and allied activities are estimated to grow at 3.9 per cent in FY22, up from 3.6 per cent in the last fiscal, according to the first advance estimates of national income released on Friday.

In current prices, growth is estimated to be 9.1 per cent in FY22, up from 6.6 per cent during the same period last year. This translates into an inflation impact of around 9.1 per cent. The impact, which is sometimes referred to by some economists as a proxy of farmers’ income in the absence of real-time data, was 6.6 per cent in FY21.

The gross