A MUCH REDUCED impact of monsoon rains on food grain and horticulture production and rapid expansion of livestock and fisheries sectors have sustained India's growth in the agricultural and allied sector in the last decade. This is despite patchy and uneven performance of monsoon over the years.
The "agriculture and allied activities" clocked a robust growth in gross value added (GVA) of 4.6% at constant prices during the July-September period of 2022-23, which was even better than many analysts estimated, given the delayed monsoon and kharif sowing activities.
The sector had grown at strong rate of 4.5% in the previous quarter too. The high farm GVA growth was largely driven by better performance of "allied sectors" particularly livestock and fisheries.
This story is from the December 05, 2022 edition of Financial Express Mumbai.
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This story is from the December 05, 2022 edition of Financial Express Mumbai.
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