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India set to reap record Rabi crops: NCAER

Fri 10 Mar 2017, 10:56:32
India is expected to replicate the record Rabi crop production following record Kharif crop production output following a good monsoon in 2016. This was stated in a study conducted by economic think-tank National Council of Applied Economic Research (NCAER).
As per the NCAER report on the short-term agricultural outlook for the 2017 Rabi season, Gross Value Added (GVA) in agriculture and allied sector registered a significant 3.3 per cent year-on-year growth in the second quarter of 2016-17 as compared to 1.8 per cent growth in the previous quarter. Overall growth of 4.1 per cent is estimated for the agriculture sector in 2016-17 as against the previous year's drought-impacted growth rate of 1.2 per cent.
The Report forecast for wheat production in the Rabi season is 96-98.7 million tonnes compared with the government's estimate of 96.6 million tonnes assuming normal weather conditions. For Rabi rice production is expected to be over 13 million tonnes compared with the government's estimate of 12.8 million tonnes.


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