India's agriculture sector will increase more than 4% in 2017-18, farm minister Radha Mohan Singh said, aiming to allay concerns raised by the statistical office's output of sluggish growth in a single of the main segments of the overall economy.
Increased horticulture and the fishing industry production, a robust kharif harvest and near-normal sugar plantation in the ongoing rabi season will hold the growth at a proper rate, he said.
Agriculture expansion had accelerated to 4.9% in 2016-17 from 1.2% in drought-hit 2015-16. In the 2014-15, it was almost toned. Monsoon was 12-14% in deficit those years. This kind of time, almost all of the nation received good rains.
Agriculture profiles for 17% of India's economy and more than half the country's human population are determined by farms directly or indirectly. Healthy growth in agriculture is also good news for the fast-paced consumer goods portion, which gets about a third of its sales from rural areas