Growth in farm sector pegged at 3.5% in FY23: First advance estimates

At current prices, growth estimated at 12.5%, which is among the best in recent times

The gross value added (GVA) in agriculture and allied activities is expected to grow by 3.5 per cent in constant price terms in financial year 2022-23 (FY23), which is close to its long-term growth trend.

According to the first advance estimate of national income for FY23 released on Friday, the growth in GVA in FY22 was estimated at 3 per cent at constant prices. In current price terms, the FY23 GVA growth was projected at a sharp 12.50 per cent, among the best in recent times. This translates to an inflationary impact of 9 per cent, which too is among