What is the estimated real Gross Value Added (GVA)

Solution

The Economic Survey 2024-25 projects that India's agriculture sector will grow by 3.8% in FY25, reflecting strong Kharif output and favorable conditions. Key Agricultural Indicators in FY25:  Total Kharif food grain production is estimated at 1,647.05 lakh metric tonnes (LMT).  Growth in key crops: o Rice production increased significantly. o Maize, coarse grains, and oilseeds also recorded higher yields.  Impact on Inflation: o Improved irrigation and reservoir levels ensured stable Rabi crop sowing. o This is expected to ease food inflation pressures in the second half of FY25.