Skip to main content

Agricultural GDP to grow by a mere 2.7% in 2018-19, down from 5% in '17-18: Report

By A Representative
Latest estimates suggest that in the third quarter of 2018-19 (October-December), agriculture and allied activities grew at 2.7 per cent as against 4.6 per cent during the same period last year. The situation wouldn’t be any better for the full year in 2018-19, when the growth in agriculture and allied activities was estimated the same, 2.7 per cent, down from 5 per cent in fiscal 2017-18.
“Low monsoon and post-monsoon rains have pulled down post-kharif and rabi production, which is being reflected in the GDP numbers,” Madan Sabnavis, chief economist, CARE Ratings, has been quoted as saying. Data show, India’s wheat production in the 2018-19 rabi season is expected to be 99.12 million tonnes, marginally less than 99.7 million tonnes last year, though rice production is estimated to touch a record 115.6 million tonnes in 2018-19, from 112.91 million tonnes in the previous year.
At the same time, India is expected to harvest a lower rapeseed and gram crop in this rabi season, as the monsoon rainfall has been less than normal by almost 9 per cent. The pulses output estimated to be at 24.02 million tonnes from the last year’s record 25.23 million tonnes during the same period. Among non-foodgrain crops, total oilseeds production during 2018-19 is estimated at 31.5 million tonnes as against 31.3 million tonnes in the previous year.
Sugarcane output is estimated at 380.83 million tonnes from 376.9 million tonnes. The production of cotton has been pegged lower at 30.09 million bales (of 170 kg each) from 34.88 million bales, while jute and mesta output is seen at 10.07 million bales (of 180 kg each) against 10.13 million bales.

Comments

TRENDING

Tribal rights under siege: Roundtable Seeks strong legal defence of land, jobs and PESA

By A Representative  Tribal rights activists, legal experts, tribal leaders, former officials and civil society representatives from Andhra Pradesh and Telangana have called  for urgent action on tribal land rights, employment and PESA safeguards. They were participating in  roundtable on Constitutional Safeguards for Scheduled Tribes in the Telugu States at the Centre for Economic and Social Studies (CESS), Hyderabad. Former Governor Ch. Vidyasagar Rao chaired the deliberations.

The indirect toll: How US debt and dollar dominance shape Bangladesh's economy

By Md. Abu Saim*  The United States' federal debt has crossed $40 trillion. The number is almost impossible to comprehend. To put it in perspective, it equates to roughly $117,000 per American—and it would take nearly 110,000 years to repay at $1 million per day.

Neil Gilson and Bryan Huffman break barriers in open water swimming

By Harsh Thakor*  In recent weeks, two open water swimmers from opposite sides of the world have pushed past barriers in endurance sport, showing what willpower can achieve. Each tested the limits of body and mind, and each did it in a way that will be remembered.