GDP data: Farm sector maintains strong growth; full year might see a blip

While several sectors returned to growth in Q3 , agriculture was all along different. GVA in last fiscal year at constant prices was 4.3 per cent.

Agriculture and allied activities continued to register a good performance in the pandemic-battered economy of FY21, clocking impressive 3.9 per cent growth at constant prices in the October-December quarter, largely aided by a good kharif harvest. However, for the fiscal year, farm sector growth, according to the second advance estimate of GDP, has shown a drop from 3.4 per cent in the first estimate to 3 per cent, which has surprised many.

“I’m surprised by the drop in full-year farm sector GVA (gross value added) from 3.4 per cent to 3 per cent, which shows allied activities might not do