Weak harvest dries up farm GVA in Q2
Business Standard|December 01, 2023
The growth of gross value added (GVA) of agriculture and allied sectors slowed to 1.2 per cent year-on-year (Y-o-Y) at constant prices in the second quarter of financial year 2023-24 (Q2FY24) from 3.5 per cent in the previous quarter and 2.5 per cent in the yearago period, according to the official data released on Thursday.
MUKHERJEE N

 

This was the lowest GVA growth in constant prices in Q2FY24 among the sectors tracked by the Ministry of Statistics and Programme Implementation (MOSPI). The sector's GVA growth in current prices, however, fared better at 7.2 per cent.

The sluggish growth in the sector can be attributed to weak harvest activity during July-September and most inputs coming from residual rabi crops.

この記事は Business Standard の December 01, 2023 版に掲載されています。

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