India’s agriculture sector isn’t the shiny location in the economy that lots of feel it may perhaps be.
While farming was the only field to write-up beneficial development in the June quarter’s GDP info, the immediate distribute of the coronavirus in rural regions and declining prices are established to weigh on the outlook.
The optimism about the sector has been fuelled by timely rains, a good monsoon and an increase in the crop area. But here’s a search at the dangers that may perhaps curb development likely forward.
The very least effective
With production and the dominant solutions sectors contracting sharply after lockdown measures to stem the pandemic, expectations are piling on the farm sector to help an economy headed for its to start with comprehensive-calendar year contraction in far more than four decades.
“Agriculture is like a security web,” Siraj Chaudhry, MD and CEO of Countrywide Collateral Administration Expert