India’s agriculture sector is not the shiny location in the financial system that numerous think it may be.
When farming was the only sector to write-up optimistic expansion in the June quarter’s GDP data, the swift distribute of the coronavirus in rural parts and declining selling prices are established to weigh on the outlook.
The optimism about the sector has been fuelled by well timed rains, a fantastic monsoon and an improve in the crop space. But here’s a search at the challenges that may control expansion going ahead.
With producing and the dominant services sectors contracting sharply immediately after lockdown actions to stem the pandemic, expectations are piling on the farm sector to help an financial system headed for its initially whole-yr contraction in extra than 4 decades.
“Agriculture is like a protection web,” Siraj Chaudhry, MD and CEO of National Collateral Management Providers Ltd., claimed about