Last week, the Prime Minister's Economic Advisory Council projected 4.8 per cent growth for agriculture in 2013/14. In comparison, agricultural growth last year was 1.9 per cent.
If the projection proves accurate, it will come as a shot in the arm for the ailing Indian economy . Robust agricultural growth is expected to contain inflation, support industry and services, and increase employment opportunities in rural India. It might also ease pressure on government employment schemes. A government statement said that the early monsoon season has had a positive impact on sowing. The reservoir position at the end of August was 29 per cent better than the overall average of the last 10 years.
If the projection proves accurate, it will come as a shot in the arm for the ailing Indian economy . Robust agricultural growth is expected to contain inflation, support industry and services, and increase employment opportunities in rural India. It might also ease pressure on government employment schemes. A government statement said that the early monsoon season has had a positive impact on sowing. The reservoir position at the end of August was 29 per cent better than the overall average of the last 10 years.
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