-The Hindu Business Line India is heading for a record production of rice, the main cereal crop in 2018-19, despite a dismal performance of the monsoon. The Agriculture Ministry’s second advance estimates has pegged the rice production at a record 115.60 million tonnes, about 2.38 per cent higher than the latest or Fourth Advance Estimates for 2017-18. The bumper production is on account of substantial increase in production during the kharif season,...
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India's 2018-19 foodgrain target to top 285 mt -TV Jayan
-The Hindu Business Line Plan to convert more rice fallow land to pulses, oilseeds during rabi season New Delhi: The government has set a foodgrain target of 285.2 million tonnes (mt) for 2018-19, which is marginally higher than the expected production in 2017-18, the agriculture ministry said here on Tuesday. As per the Fourth Advance Estimates released by the Government last month, the foodgrain harvest in 2017-18 would be around 284.83 mt, aided...
More »India's agriculture growth slips to 4.5% in Q4 on higher base -Sanjeeb Mukherjee
-Business Standard For 2017-18, overall full year, growth in agriculture and allied activities was estimated at 3.4 per cent as against 6.3 per cent clocked in 2016-17 India’s agriculture growth in the January to March quarter of 2017-18 dipped to 4.5 per cent as compared to 7.1 per cent in the same period last year despite a bumper production largely because of higher base. Though, the 4.5 per cent growth in agriculture and...
More »Provisional estimates: Good rabi crop, uptick in factory output lift GDP up to 7.7% -Aanchal Magazine
-The Indian Express The country had recorded GDP growth of 7.1 per cent in the previous financial year (2016-17). Growth is projected to rebound to 7.5 per cent this year. Boosted by an uptick in the manufacturing and construction sectors, and a good rabi harvest, India’s real gross domestic product (GDP) surged to a seven-quarter high of 7.7 per cent in January-March, the last quarter of the 2017-18 financial year. The rise...
More »Mining and agriculture lag behind other sectors in terms of GVA growth in Jan-Mar '18
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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