Question
What is the estimated real Gross Value Added (GVA)
growth rate for the agriculture sector in FY25?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: ď‚· Total Kharif food grain production is estimated at 1,647.05 lakh metric tonnes (LMT). ď‚· Growth in key crops: o Rice production increased significantly. o Maize, coarse grains, and oilseeds also recorded higher yields. ď‚· 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.
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