Agriculture, allied activities clock a buoyant 4.6% growth in 2nd quarter

Gross value added (GVA) for agriculture, forestry and fishing during the comparable period of last year was 3.2 per cent

Agriculture and allied activities clocked a robust growth of 4.6 per cent at constant prices during the July-September quarter of FY23. This was driven largely by good performance of allied activities as very little harvesting activities take place during these months.

“Agriculture growth of 4.6 per cent should be viewed with caution as it is only early kharif harvest that would get included. The allied sectors are more likely to have pushed up this growth rate,” said Madan Sabnavis, chief economist at Bank of Baroda, in a note.

He said the high growth may not be due to residual impact