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Farm sector to expand over 4% in FY18: Farm Minister Radha Mohan Singh
Jan 12, 2018
India's agriculture sector will expand more than 4% in 2017-18, farm minister Radha Mohan Singh said, trying to allay concerns raised by the statistical office's projection of sluggish growth in one of the most important segments of the economy.
Increased horticulture and fisheries production, a robust kharif harvest and near-normal planting in the ongoing rabi season will hold the growth at a healthy rate, he said.
Last week, the Central Statistics Office forecast 2017-18 growth in the farm and allied sector at 2.1%. Last year, the sector had achieved a 4.9% expansion.
This year 'krishi vikas' (agriculture expansion) will be good. It will easily grow to over 4% when the final estimates are released, the minister said.
Singh said he was confident that the country would see two back-to-back years of robust growth in the agriculture sector.
Due to delayed onset of monsoon, the kharif or summer crop planting was delayed, the minister said, suggesting that it probably had influenced the statistical office's projection. Kharif acreage that was lower in August had turned positive by December, he said.
Further, we have yet to take in account the crop planting which happens between March-April and June-July, called 'jayad', where farmers go for 60-day crop planting, the minister said.
The Economic Times
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Agricultural & Processed Food Products Export Development Authority
(Ministry of Commerce & Industry,
Govt. of India)
NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
Phone : 91-11-26513204, 26514572, 26534186
Fax : 91-11-26526187