Farm income growth slumps to a 14-year-low in Oct-December 2018 -Harish Damodaran

-The Indian Express

October-December 2018 is also the second consecutive quarter where growth in gross value added (GVA) from agriculture has been lower in nominal than in real terms.

The country’s farm sector output may have grown by just 2.7 per cent year-on-year in October-December 2018, the lowest in 11 quarters. But what should worry the NDA government more than the low increase in “real” terms (i.e. at constant prices) is the growth in “nominal” terms (at current prices unadjusted for inflation).
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The latter number, at 2.04 per cent, is the lowest for any quarter as per the Central Statistics Office’s new 2011-12 base year series and also the worst since the minus 1.1 per cent rate recorded way back in October-December 2004 (based on the then 1999-2000 GDP series).

October-December 2018 is also the second consecutive quarter where growth in gross value added (GVA) from agriculture has been lower in nominal than in real terms.

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The Indian Express, 3 March, 2019, https://indianexpress.com/article/india/farm-income-growth-slumps-to-a-14-year-low-in-oct-december-2018-5608550/

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