Agriculture growth News

Gross domestic product grew 6.3 percent in July-September, its fastest pace in three quarters, the data showed.

The GDP stood at a three year low at 5.7 percent for April-June quarter of 2017-18, which the report said has raised concerns about the annual GDP numbers for the fiscal.

According to findings by the financial service major, government spending growth is slowing down sharply, while half of the population is seeing weak income growth.

The Economic Survey had projected a growth of 6.75 percent to 7.5 percent for 2017-18.

India Inc on Thursday expressed disappointment over the country's economic growth, which slipped to a three-year low of 5.7 percent in April-June.

India's GDP growth slipped to 13-quarter low of 5.7 percent year-on-year during the April-June quarter as compared to 6.1 percent in January-March, government data showed on Thursday.

The government will be releasing its official figures on GDP growth on Wednesday.

India remained the fastest growing major economy with its GDP accelerating to 7.3 percent in the September quarter, pushed mainly by farm output, although the momentum may be hit in the coming months by the impact of demonetisation.

With agriculture income growth "at an above-trend 4 per cent", India`s real gross domestic product (GDP) is expected to grow this fiscal at 7.9 per cent, while annual retail inflation would remain contained at 5 per cent, Indian rating agency Crisil said on Sunday.

Indian economy is likely to grow at 7.9 percent in the current fiscal provided the country receives normal monsoon as it will boost agriculture growth and lift rural demand, says a report.

Union Finance Minister Arun Jaitley on Tuesday laid bare the priority of the government, saying agriculture will have to grow "fastest" for the country to get rid of poverty and push the overall GDP expansion.

The country's agriculture growth is likely to remain muted at 1 percent in FY'2015 largely due to strong statistical base-effect, rating agency Crisil said Monday.