Agriculture and allied activities are expected to clock a growth of 3.6 per cent at constant prices in FY21, slightly lower than 4.3 per cent in the previous financial year, but closer to the long-term trend for the sector at 3-4 per cent. At current prices, the growth is expected to be around 6.6 per cent in FY-21, down from 12.5 per cent in FY20.
This means that the inflation impact, which some experts also attribute to a measure of farmers’ income provided there is perfect transmission, is expected to be 3 per cent in FY21, down from 8.2 per cent in FY20. The drop in full-year ...
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