14 Oct 2018

The National

Suman Chowdhury, the ratings president at Acuité Ratings and Research, based in Mumbai, says it is not surprising that agriculture is contributing a declining share of GDP in India, as the services and industry sectors continue to grow at a much faster pace. "As a country develops and goes on from a developing to a developed economy, we will see a lower share of agriculture," he says, although he adds: "I wouldn't say that there's a crisis at this moment."