Agriculture Current Affairs - 2019

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Advance Estimates of Production of Major Crops for 2018-19

The second advance estimates for the production of most of the crops for the agricultural year 2018-19 been released by the Ministry of Agriculture, Cooperation and Farmers Welfare.

Data on Production of Food Crops

Foodgrains  –  281.37 million tonnes.
  • Rice  –  115.60  million tonnes. (record)
  • Nutri / Coarse Cereals – 42.64 million tonnes.
  • Maize  –  27.80 million tonnes.
  • Pulses  –  24.02 million tonnes.
  • Tur  –  3.68 million tonnes.
  • Gram – 10.32 million tonnes.
Oilseeds  –  31.50 million tonnes.
  • Soyabean  –  13.69 million tonnes
  • Rapeseed and Mustard  –  8.40 million tonnes
  • Groundnut  –  6.97 million tonnes
Cotton –  30.09 million bales (of 170 kg each)
Jute  and  Mesta -10.07 million bales (of 180 kg each)
Sugarcane – 380.83 million tonnes

The report notes that cumulative rainfall during the monsoon season (June to September 2018) was 9% lower than Long Period Average (LPA). The cumulative rainfall in North West India, Central India and South Peninsula during the monsoon period has been overall normal and most of the major crops producing states have witnessed normal monsoon rainfall. As a result, the production of most of the crops for the agricultural year 2018-19 has been estimated higher than their normal production.

Month: Categories: Business, Economy & BankingUPSC

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India to grow at 7.2 per cent in 2018-19: CSO

The Central Statistics Office has released the first advance estimates of National Income for 2018-19. The observations made by CSO are:

  • Indian economy is expected to grow at 7.2 per cent in 2018-19, a tad higher from 6.7 per cent in the 2018-18.
  • Real GVA (Gross Value Added) is expected to grow at 7 per cent in the current fiscal as against 6.5 per cent in 2017-18.
  • The expansion in activities in agriculture, forestry and fishing is likely to increase to 3.8 per cent in the current fiscal from 3.4 per cent in the preceding year.
  • Growth in the manufacturing sector is expected to increase to 8.3 per cent in 2018-19 up from 5.7 per cent in 2017-18.
  • The growth in the mining and quarrying sector is estimated to decline from 2.9 per cent in 2017-18 to 0.8 per cent in the current fiscal.
  • Trade, hotels, transport, communication and services related to broadcasting will also witness deceleration to 6.9 per cent in 2018-19 from 8 per cent in 2017-18.
  • The growth rate of public administration, defence and other services will also dip to 8.9 per cent from 10 per cent last fiscal.
  • Electricity, gas, water supply & other utility services growth is estimated at 9.4 per cent in 2018-19, up from 7.2 per cent in 2017-18.
  • The construction sector is expected to grow at 8.9 per cent from 5.7 per cent previous fiscal.
  • Financial, real estate & professional services growth will be a tad higher at 6.8 per cent this fiscal against 6.6 per cent in 2017-18.

CSO also estimates per capita net national income during 2018-19 to be at Rs 1,25,397, an increase of 11.1 per cent as compared to Rs 1,12,835 during 2017-18 with the growth rate of 8.6 per cent.

Month: Categories: Business, Economy & BankingUPSC

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