Agriculture GVA sees 3.5% increase

The gross value added (GVA) in agriculture, forestry and fishing recorded a growth of 3.5 per cent in real terms in the second quarter of the financial year 2026 (Q2FY26), against 4.1 per cent reported during the same period last year, with nominal growth collapsing steeply, the quarterly GDP estimates released on Friday showed.

- SANJEEB MUKHERJEE

The data showed that in nominal terms, GVA for agriculture and allied activities grew by just 1.8 per cent in the quarter under review, down from 7.6 per cent in the corresponding quarter of previous year largely due to sharp dip in inflation. In Q1FY26, the GVA for agriculture and allied activities in nominal terms was 3.2 per cent, which too was down from 7.5 percent in the corresponding period of FY25.

“Agriculture was expected to do well and growth at 3.5 per cent is supported by a good kharif harvest expectations, which will reflect more in Q3,” Madan Sabnavis, chief economist at Bank of Baroda said.