The economic growth data for the first quarter (Q1) of the 2018-19 fiscal year was released last week and it served a positive surprise. While it was largely expected that it would be on the higher side due to a base effect, growth in gross domestic product (GDP) eventually clocked in at 8.2 per cent, which counts as a significant number especially when it is considered that growth in gross value added (GVA) at basic prices was also at 8 per cent. Some of the additional impetus to growth came from agriculture. This, however, should not be seen as a sign that rural distress is over, since it was mainly due to a sharp increase in the output of livestock, dairy, forestry and fishing. The farm sector will continue to need attention, including through increasing the efficiency and breadth of the procurement system.
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First Published: Sun, September 02 2018. 22:07 IST