The Indian Express – Online

Aided by good performance of the agriculture and services sectors, India’s Gross Domestic Product (GDP) is expected to grow 7 per cent in financial year 2022-23, supported by higher growth in agriculture and services sectors, according to the first advance estimates of national income released by the National Statistical Office (NSO) Friday. This is slower than the 8.7 per cent GDP growth in 2021-22, but slightly higher than the Reserve Bank of India (RBI) forecast of 6.8 per cent for the current financial year. Gross Value Added or GVA — which is GDP minus net product taxes — is seen growing at sub-7 per cent – 6.7 per cent in FY23 as against 8.1 ...

The Financial Express – Online

The farm sector has in recent years been a bright spot in the economic landscape, even amid controversies surrounding reforms in the sector and slower-than-projected growth in the income of farmers. Finance minister Nirmala Sitharaman’s Budget speech on February 1 will likely include a set of measures to boost investments in agriculture infrastructure, including those aimed at encouraging private investments. Food and fertiliser subsidies, which have relevance for the sector, is set to cross Rs 5 trillion in FY23 due to the volatility in international prices of hydrocarbons and other fertiliser inputs and the free food grains supply scheme. The total expenditure on these subsidies is expected to moderate in FY24 to less than ...

The Print – Online

Union Agriculture and Farmers Welfare Minister Narendra Singh Tomar has said that agriculture is the country’s fastest growing sector and there will be no constraint of central funding for its development. Referring to the northeast, he said the Centre and the northeast states governments are working together to develop the agriculture sector given its potential for organic farming. “Agriculture is the fastest growing sector in the country and the Center is making continuous efforts to make farming profitable. There will be no constraint of central funding for development of agriculture sector,” the union minister said inaugurating the newly constructed administrative and academic buildings of Pasighat Agriculture College in East Siang district of Arunachal Pradesh on ...