The country’s agrarian sector in the last financial year expanded at almost half the rate at which it grew in 2016-17, shows the recently released provisional estimates by the Central Statistics Office (CSO). As compared to a growth rate of 6.3 percent witnessed in 2016-17, the growth rate in real Gross Value Added (GVA) by the agrarian sector (i.e., increase in agricultural GVA after neutralizing the effect of price inflation)...
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IMD monsoon forecast showers Indian economy with cheer -Srishti Choudhary & Sayantan Bera
-Livemint.com Rainfall will be 97% of the 50-year average with a 54% probability that rains will be normal to above normal, IMD said in its first stage, long-range monsoon forecast New Delhi: Rainfall is likely to be normal during the June-to-September southwest monsoon season, the government’s weather office said on Monday. “For the third consecutive year, India will have a normal monsoon. There is very less probability of experiencing a deficit monsoon. We...
More »Winter rains scanty, reservoir levels drop -Madhvi Sally & Nishtha Saluja
-The Economic Times NEW DELHI: A winter rain shortfall of 63% in January and February across India has led to reservoir levels dropping in the major river basins of the Sabarmati, Kaveri and Tapi. While agriculture ministry officials said this will not impact the rabi crop significantly, farmers in Gujarat--where water level in the Sardar Sarovar dam is below normal--are worried about cotton sowing. “In the current situation, there is deficient water...
More »Agricultural sector growth slows down to 3%, show new estimates
The Central Statistics Office (CSO) has recently made an upward revision to the growth to be experienced by the agrarian economy in the present crop year (viz. from July, 2017 to June, 2018). The growth in real Gross Value Added (GVA) by the agrarian sector as a whole is expected to be 3.0 percent in 2017-18 as per the second advance estimates of national income for 2017-18, which was released...
More »Agriculture ministry differs with CSO over estimated growth of farm sector
The Ministry of Agriculture and Farmers Welfare has contended that the growth in real Gross Value Added (GVA) by the agrarian sector will not decline in 2017-18 vis-à-vis 2016-17 as has been predicted by the Central Statistics Office (CSO). The first advance estimates of CSO show that the growth rate in GVA at basic price (at 2011-12 prices) of the 'Agriculture, forestry & fishing' sector is likely to dip from 4.9...
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