According to the second advance estimates of national income,the Gross Value Added in agriculture and allied activities is projected to grow at ______ in FY23 during the October-to-December quarter.

Solution

The Gross Value Added (GVA) in agriculture and allied activities is projected to grow at 3.7 percent in FY23 during the October-to-December quarter on the back of a strong kharif harvest, according to the second advance estimates of national income. At current prices, the growth in the third quarter of this financial year is projected at 8.6 per cent. This translates into an inflation impact of 4.9 per cent, the lowest in FY23. Overall, this financial year, the GVA for agriculture and allied activities is expected to remain at around 3.2 per cent at constant prices, compared with 3.5 per cent in FY22.