Amid slackness in other sectors, agriculture and allied activities might once again be among the few that could provide some silver lining in 2024-25.
Gross value added (GVA) at constant prices in agriculture and allied activities is projected to grow 3.8 per cent as against 1.4 per cent in FY24, the first advance estimates (FAE) of gross domestic product (GDP) for FY25, released on Tuesday, showed. At current prices, GVA growth is estimated to be even better at 10 per cent as against 5.4 per cent in FY24. Such growth is likely to come against the backdrop of a strong monsoon, which has spurred a good kharif harvest and strong rabi sowing.
Some impact of a lower base is also making the growth numbers good, experts said.
Farm-sector growth in FY24 dropped due to a weak monsoon and prolonged hot weather in several parts of India.
Denne historien er fra January 08, 2025-utgaven av Business Standard.
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Denne historien er fra January 08, 2025-utgaven av Business Standard.
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