Moneycontrol
HomeNewsBusinessEconomyAfter Kharif, India set to reap record Rabi crops: NCAER
Trending Topics

After Kharif, India set to reap record Rabi crops: NCAER

As per the NCAER's report on the short-term agricultural outlook for the 2017 Rabi season, Gross Value Added (GVA) in agriculture and allied sector registered a significant 3.3 per cent year-on-year growth in the second quarter of 2016-17 as compared to 1.8 per cent growth in the previous quarter.

March 10, 2017 / 10:18 IST
Story continues below Advertisement

A good monsoon in 2016 helped in achieving record Kharif crops output, and India is set to replicate the performance in Rabi or winter sown crops too, said a study by economic think-tank NCAER.

As per the NCAER's report on the short-term agricultural outlook for the 2017 Rabi season, Gross Value Added (GVA) in agriculture and allied sector registered a significant 3.3 percent year-on-year growth in the second quarter of 2016-17 as compared to 1.8 percent growth in the previous quarter.

Story continues below Advertisement

Overall, a robust growth of 4.1 percent is estimated for the agriculture sector in 2016-17 as against the previous year's drought-impacted growth rate of 1.2 percent.

In comparison, the latest official estimates suggest 4.4 percent growth for 2016-17 and 0.8 percent for 2015-16.