Agri sector may not be hit by lockdown; likely to grow 2.5% in FY21: Crisil

The government has announced MSP hike for 14 kharif crops, assuring farmers 50-83 per cent returns on their cost of production

Even as coronavirus pandemic has impacted many sectors, the agriculture could be the only bright spot as real agriculture is likely to witness a 2.5 per cent growth in 2020-21, according to a report.

The report by Crisil Research however listed risks such as any likely impact of locust attacks and impact of lockdown on horticulture produce.

With the pandemic and the ensuing lockdown, demand for horticultural produce is likely to be impacted more than that of food grains.

Food grains have the government's minimum