Page 8 - Farm Sector

Farm sector to grow slower than expected in 2016-17 at 4.4%

The country's gross value added (GVA) for agriculture and allied sectors in 2016-17 is expected to grow by 4.4 per cent, higher than the 0.8 per cent of 2015-16 but much less than the earlier market expectation of over five per cent. Growth in the December quarter is expected to be six per cent, with record kharif foodgrain production after a good southwest monsoon. The ministry of agriculture estimates kharif grain output at a record 137.51 million tonnes. The GVA has been computed taking into the account the second advanced estimate, issued on February 15, which included the rabi harvest estimate of 134.47 mt. This would push the total foodgrain harvest to 271.98 mt in 2016-17. GVA is a function of price multiplied by output. It seems the sharp fall in horticulture and livestock prices in the aftermath of currency demonetisation has impacted the earlier estimate.According to an official statement, crops including fruit and vegetables account for about 60 per cent of gross domestic ..

Agricultural growth to be better than in two previous years

GVA during 2016-17 seen at 4.1%, due to record kharif crop aided by the best monsoon in two years

NITI Aayog ranks Maharashtra most farmer-friendly state

Maharashtra tops with 81.7% in NITI Aayog's new index; Puducherry, Delhi, J&K at the bottom of the list

Reservoir levels jump 89% in 15 days

Nomura report says farm sector could grow 4% in 2016-17 on a good harvest

Centre asks Maha to improve performance of farm sector

Centre plans to set up a Farm Machinery Training and Testing Institute in Maharashtra

Delay likely in farm sector recovery: Ind-Ra

Average delinquency rate for close to 12 months seasoned loans was 9% during 2009 amid deficient rainfall and low agri-GDP

Govt bullish on farm sector growth

The country's agriculture growth had averaged only 0.5% in the first two-years of the Modi govt due to back-to-back droughts