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Growth in farm sector pegged at 3.5% in FY23: First advance estimates

At current prices, growth estimated at 12.5%, which is among the best in recent times

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Sanjeeb Mukherjee New Delhi
The gross value added (GVA) in agriculture and allied activities is expected to grow by 3.5 per cent in constant price terms in financial year 2022-23 (FY23), which is close to its long-term growth trend.

According to the first advance estimate of national income for FY23 released on Friday, the growth in GVA in FY22 was estimated at 3 per cent at constant prices. In current price terms, the FY23 GVA growth was projected at a sharp 12.50 per cent, among the best in recent times. This translates to an inflationary impact of 9 per cent, which too is among