India’s agri-economic growth: The impact of the UPA government
India’s economy grew at a compound annual growth rate (CAGR) of 3.7% during the three months to March 31, the lowest rate since 2012, the government’s official data showed on Friday.
The gross value added (GVA) of India’s agriculture sector, the largest sector of the economy, grew at an annualized rate of 7.1% in the three-month period.
It was the lowest annualized growth rate since the data was collected in 2012.
The economy expanded at an average annual growth of 6.1%, with an annualised rate of 4.1%.
The annual growth in the agriculture sector rose by 3.3% in April.
The value of the agri industry, which includes cotton, wheat, barley, sugarcane and other crops, was Rs2,534.6 billion in March, a 10% increase over the previous month.
India is one of the world’s fastest growing agricultural producers.
The value of agriculture has been on the rise in recent years as the country’s agricultural output has grown at an unprecedented rate.
India’s total grain output, or total yield, increased by 6.5% in March to 9.5 million tonnes.
The yield of wheat, rice and soybean rose by 2.5%, by 1.6% and by 1%.
The government’s data showed that the value of agricultural exports increased by 5.7%, driven by the rising value of wheat and rice exports.
In the three weeks to March 30, India’s wheat exports rose by 10.2% year-on-year, up from a 7.7 % jump in March last year.
The growth in soybean exports, which include the export of rice, rose by 4.7%.
The growth in agriculture is an important driver of India and the country is expected to grow at a CAGR of 7% in 2020-2021.
The country has also been a big driver of growth in other sectors of the Indian economy, particularly the services sector.
India accounts for nearly 70% of global gross domestic product (GDP), which is a key part of the government and economic strategy.
The growth of services sector in India has been slowing as the government seeks to bring down its deficit.
However, the sector is expected grow by 7% to 8% in 2021-2022.
The government also plans to cut subsidies on consumer goods and service and cut interest rates.
India’s economic growth in 2020 was forecast at 7.9% and 7.3%, respectively.