Agriculture sector is expected to grow at a healthy rate of 3.4% during the current financial year. The sector remained more or less ensconced from the pandemic induced lock-down.
We expect the normal rainfall with an even-spread to be favourable for the agriculture sector, despite some unseasonal showers in some locations.
Moreover, the build-up in area under sown also hints more arable land to be covered.
Recently, growth in the sector has been driven by higher value-adding sectors such as horticulture and animal & husbandry..
Combined, these factors are expected to drive the performance of the overall sector in FY21 as well.
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