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...
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Tracing the economic roots of discontent among farmers -Roshan Kishore
-Hindustan Times Farmers have experienced a growing mismatch between their production efforts and incomes under the Narendra Modi government. The coming union budget will have to find a balance between two contradictory FDs: farm-distress and fiscal discipline. The choice is not going to be an easy one. Ignoring farm-distress in the last full-fledged budget before elections could be politically suicidal. Meanwhile, there are at least two things that could make the government slip...
More »Agriculture ministry expects upward revision of farm growth rates -Sayantan Bera
-Livemint.com The agriculture sector is expected to grow higher than projected 2.1% growth rate in 2017-18 due to likely better output of Kharif and Rabi crop s, the ministry said New Delhi: Days after the Central Statistics Office (CSO) estimated India’s farm growth rate at a poor 2.1% in 2017-18, the agriculture ministry on Sunday said it expects the farm sector to grow at a much higher rate, based on better-than-expected production...
More »A statistical boost to growth in Indian economy -Manas Chakravarty
-Livemint.com While CSO’s GDP growth estimates will be a disappointment, it will very likely be explained away soon as the market tries to find new and innovative reasons to extend the rally For a few quarters, take all year-on-year (y-o-y) growth figures about the Indian economy with a pinch of salt. That’s because they will now be boosted due to the favourable effect of a low base. Since demonetisation and the introduction...
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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