The production of cereals, pulses and oilseeds is estimated to decline by 1.95 per cent, 2.22 per cent and 13.48 per cent, respectively, in 2019-20 compared to last year, according to the report.
The farm sector is expected to perform well in FY21 as well.
As the data relates to pre-Covid lockdown period it does not reflect the real picture of distress which unfolded from April onwards in the sector
More than normal rainfall, it is the distribution, spread and timeliness that will play a bigger role in improving the lot of farmers
Stock limits will be imposed only under exceptional circumstances like national calamities and famine, said the FM
The government has extended the Covid-19 lockdown - but provided little succour to the most vulnerable
Farm sector growth will top 3 per cent in the year started April 1, Ramesh Chand, an adviser to PM Narendra Modi, said in an interview.
The second advance estimate of foodgrain production released a few days ago estimated the wheat output at an all-time high of 106.21 million tonnes
In a country as vast and diverse as India, it will require a variety of development approaches to bring the benefits of growth and prosperity to all agriculturalists
The food processing sector is growing at an average annual growth rate of more than 5 per cent over the last six years ended 2017-18, it added
Just around 20% of 8.60 crore beneficiaries registered so far under PM-KISAN have received their third installment and the cut-off date is November-end
RBI report provides damning evidence
Priyanka Gandhi cited a media report which said that five farmers have committed suicide in as many days in Bundelkhand's Banda
The government had so far spent Rs 720 crore through 61 projects for promoting organic farming in the country
While steps to improve production depressed prices, loan waivers have had the impact of stifling farm credit growth
While the schemes may have been well intentioned, on-ground implementation in most cases seems to have suffered for a variety of reasons
The first two years of the NDA government, 2014 and 2015, were drought years, which pulled down output
With national and few states elections around the corner, greater focus is being put to address distress in the farm sector but this strains the government's finances as well as balance sheets of banks, says a report. According to Dun & Bradstreet, in order to sustain growth momentum, the government needs to improve the balance sheet of the country's external sector as well as banks. "Loan waivers and increase in Minimum Support Price (MSP), in particular, are not productive solutions. They are at best transitory, but place a huge burden on the government finances and the public sector banks which are already under stress for bad loans," said Arun Singh, Lead Economist Dun & Bradstreet India. The report outlined that if the four states, which have announced a farm debt waiver in 2017, consider to waive 'only' the crop loans given to small and marginal farmers, it would result in writing off more than 65 per cent of the outstanding crop loans given by all Scheduled Commercial ..
Sector's full year growth is expected at 4.4%
The country's gross value added (GVA) for agriculture and allied sectors in 2016-17 is expected to grow by 4.4 per cent, higher than the 0.8 per cent of 2015-16 but much less than the earlier market expectation of over five per cent. Growth in the December quarter is expected to be six per cent, with record kharif foodgrain production after a good southwest monsoon. The ministry of agriculture estimates kharif grain output at a record 137.51 million tonnes. The GVA has been computed taking into the account the second advanced estimate, issued on February 15, which included the rabi harvest estimate of 134.47 mt. This would push the total foodgrain harvest to 271.98 mt in 2016-17. GVA is a function of price multiplied by output. It seems the sharp fall in horticulture and livestock prices in the aftermath of currency demonetisation has impacted the earlier estimate.According to an official statement, crops including fruit and vegetables account for about 60 per cent of gross domestic ..