Staring down Covid, agri among few sectors to grow in FY21 in arid economy

Agriculture is the only sector expected to clock a positive growth in 2020-21 as per the estimates released by MoSPI

Gross Value Added (GVA) for agriculture and allied activities is expected to grow at 3.4 per cent at constant prices in the financial year 2020-21, lower than last year but the best growth among all other sectors battered in the Covid-19 pandemic.

At current prices, GVA growth in agriculture and allied activities is expected to be around 7.3 per cent in 2020-21, which is slightly lower than the 11.4 per cent estimated for 2019-20.

This means that inflation impact will be around 3.9 per cent in 2020-21, lower than the 7.4 per cent in 2019-20 as per the first advanced