The budget proposals for the agriculture sector show movement in the right direction, but may not be enough to revive it and double farmer incomes
The story of agriculture, which is the backbone of the country in terms of livelihood, has not been good in the last few years. Recent estimates of the Central Statistics Office (CSO) show that growth of gross value added (GVA) in agriculture declined from 6.3% in 2016-17 to 2.1% in 2017-18. In fact, the average growth rate of agricultural GDP (gross domestic product) in the last four years (2014-15 to 2017-18) was only 2.2% per annum. The Economic Survey, 2017-18 also indicates that the level of agricultural GDP and real agricultural revenue has remained constant in the last four years. In this context, there were a lot of expectations that the budget would focus on the agricultural sector.
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