PMEAC estimates 0.5 pc farm growth rate this year

New Delhi: Prime Minister`s Economic Advisory Council on Friday said poor monsoon is likely to pull down farm sector growth rate to 0.5 per cent in the current financial year, a projection that is even lower than in 2009-10 when monsoon was the worst in 28 years. The growth in the agriculture sector was one […]

New Delhi: Prime Minister`s Economic Advisory Council on Friday said poor monsoon is likely to pull down farm sector growth rate to 0.5 per cent in the current financial year, a projection that is even lower than in 2009-10 when monsoon was the worst in 28 years.

The growth in the agriculture sector was one per cent in 2009-10 when production had fallen by 16 million tonnes due to poor monsoon. As many as 338 districts were declared drought- affected in that year.