Page 2 - Farm Sector

Agri GVA growth slowest in 5 years after poor rains last monsoon

In the last quarter of Fy-24, the sector grew by 1.1 per cent which was similar to the growth rate in the previous October to December quarter

New non-farm jobs in Q2FY23: Higher than Q1 but below Omicron-hit Q4FY22

But in first half of the FY, new hirings halved compared to Omicron-hit H2 of FY22

Monsoon woes: Farm sector contracts in Q3, a first in 19 quarters

The growth stood at 5.2 per cent in the third quarter of 2022-23 which also played a part in pulling down agriculture and related sector's GVA

Agri growth pegged at 7-year low of 1.8% in FY24 due to poor Kharif harvest

However, some experts said the GVA numbers could stand to be revised as the initial estimates are based on extrapolation of figures for five-six months and a final picture will emerge only around Feb

Farm GVA growth slows to 1.2% in second quarter amid uneven rains

The sluggish growth in the sector can be attributed to weak harvest activity during July-September and most inputs coming from residual rabi crops

Have sufficient stocks of pulses to cool down prices, says Centre

Under the revised PSS, the overall quantity of procurement by the Central Government is restricted to 25 percent of actual production of the commodity for that particular season

Krishi Kumbh: Farm-to-fork global summit on the table in Uttar Pradesh

The Conclave will brainstorm mitigating the impact of climate change on agriculture, espousing cow-based natural farming, and promoting coarse food grains or millets

The unfinished job of farm mechanisation

The current level of farm mechanisation in India, reckoned officially at 47 per cent, is far lower than the 60 per cent in China and 75 per cent in Brazil

India's agri growth reaps harvest of rabi at 3.5% in June quarter

The India Meteorological Department (IMD) in its latest forecast released today though held out some hope

Focus on research in animal husbandry, fisheries for overall growth: Tomar

Union Agriculture Minister Narendra Singh Tomar on Sunday asked farm scientists to focus more on research in areas of animal husbandry and fisheries, to boost production and their contribution in the overall farm sector growth. Addressing virtually, the 95th foundation day of Indian Council of Agricultural Research (ICAR), Tomar said India holds the position of number one or two in the world in terms of production of most of the crops. In achieving this feat, he said there has been immense contribution from agriculture scientists along with efforts from the farmers community and policy initiatives taken by the governments. He said the Modi government in the last nine years has taken a lot of initiatives to promote technology in the agriculture sector, as part of its objective to boost farm income. The efforts have also been made to better productivity and production in agriculture, he said, adding that the focus has also been on improving the quality. Tomar highlighted that the In

Supporting farm growth

Budget has enabling proposals

Indian farm sector performed well, but needs re-orientation: Eco Survey

Indian agriculture has performed well but the sector needs "re-orientation" in the backdrop of certain challenges like adverse impacts of climate change, rising input cost, etc, the Economic Survey for 2022-23 tabled in Parliament on Tuesday said. The other challenges are fragmented landholdings, sub-optimal farm mechanisation, low productivity, disguised unemployment, rising input costs, etc. "While Indian agriculture has performed well, the sector needs re-orientation in the backdrop of certain challenges...," it said. Stating that the performance of the agriculture sector remains critical to growth and employment in the country, the Survey said investment in the sector must be encouraged through an affordable, timely and inclusive approach to credit delivery. It may be noted that more than 75 per cent of rural female workers are employed in the agriculture sector. This implies a need to upskill and create employment for women in agriculture-related sectors such as food ...

Agri Infrastructure Fund crosses Rs 30,000-cr mark of capital mobilisation

Agriculture Infra Fund (AIF) is a financing facility launched on 8th July 2020 for creation of post-harvest management infrastructure and community farm assets

NITI Aayog to rank states on measures taken to increase farmers' income

The NITI Aayog is working on this project with other stakeholder ministries and has developed several indices to rank states annually on measurable parameters

Growth in farm sector pegged at 3.5% in FY23: First advance estimates

At current prices, growth estimated at 12.5%, which is among the best in recent times

Non-crop sector pulls the farm sector gross value added in Q2 of FY23

Absence of updated numbers raises some questions on non-crop estimates

Agriculture, allied activities clock a buoyant 4.6% growth in 2nd quarter

Gross value added (GVA) for agriculture, forestry and fishing during the comparable period of last year was 3.2 per cent

India urges BIMSTEC nations to work in cooperation to transform farm sector

Union Agriculture Minister Narendra Singh Tomar on Thursday urged the member countries of BIMSTEC to work together for development of a comprehensive regional strategy to strengthen cooperation for transformation of farm sector. India hosted the second Agriculture Ministerial-level meeting of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) here under the chairmanship of Tomar, an official statement said. Agriculture ministers of Bhutan, Bangladesh, Nepal, Myanmar, Sri Lanka and Thailand participated in the meeting. BIMSTEC was established in 1997. It includes five countries of South Asia -- Bangladesh, Bhutan, India, Nepal, Sri Lanka and two countries of South-East Asia -- Myanmar and Thailand. Addressing the meeting virtually, Tomar urged the "member countries to cooperate in developing a comprehensive regional strategy to strengthen cooperation for the transformation of agriculture." He emphasised on the importance of millet as a ...

Procedures fully followed for nano urea fertiliser approval: Govt

The government on Sunday said established procedures have been fully followed while provisionally approving nano urea based on encouraging field results and feedback from farm scientists at ICAR and state universities. In June 2021, cooperative IFFCO launched nano urea in liquid form as an alternative to conventional urea. It has set up manufacturing plants to produce nano urea and is also selling in the market. In a statement, the Chemicals and Fertilisers Ministry said: "It is clarified that the established and existing procedure for registration of any fertiliser for notification as per Fertiliser Control Order (FCO), 1985 has been fully accounted for". The process has not been fast-tracked, the ministry asserted. Nano Urea has been notified provisionally under the FCO based on the existing procedure for introduction of fertilisers under FCO, 1985, which requires data from only two seasons, it added. "Nano Urea has been provisionally notified under FCO based on encouraging resu

Farm sector clocks 4.5% growth in Q1 on robust rabi harvest, price rise

Growth at current prices which touched a high of 17.4 per cent mainly due to sharp spikes in almost all farm commodities in the first quarter of the 2022-23 financial year.