The growth in agriculture and allied sectors will be higher in 2016-17 compared to last few years as the country is likely to harvest bumper crop buoyed by good rains. Agriculture Minister Radha Mohan Singh has assured that the Centre will procure pulses and other crops if rates fall below the Minimum Support Price (MSP) level. The farm sector growth stood at 1.2 percent in the 2015-16 fiscal due to drought.
Niti Aayog has pegged farm and allied sector’s growth at 5.5 percent for this fiscal on the back of record kharif foodgrain production at 135 million tonnes and likely bumper output in the ongoing rabi season, helped by good monsoon in most parts of the country.
The Agriculture Ministry is aiming a record 270 million tonnes of foodgrains in the 2016-17 crop year (July-June), as against 252 million tonnes.
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