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Growth in Agri GVA deflator shows a declining trend in comparison to growth in other sectoral GVA deflators

e of inflation in services (such as health and education) vis-à-vis the rate of inflation in Consumer Food Price Index (CFPI). A similar picture emerges if we check the performance of Agri gross value added (GVA) deflator vis-à-vis other sectoral GVA deflators. After calculating the various sectoral GVA deflators, it could be observed that the year-on-year (y-o-y) growth rate in Agri GVA deflator (an alternative measure of inflation)

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Deepening slowdown: on the Indian economy

slowest pace of annual growth. The data clearly reflect the pain points in the real economy that have been evident for some time now. For one, the farm sector continues to remain in trouble with GVA (gross value added) growth in agriculture, forestry and fishing having slowed sharply to 2.7% in the last quarter, from a 4.2% pace in July-September and 4.6% a year earlier. With rabi sowing showing a shortfall across most crops after a deficient north-ea

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No achhe din for the farmer -Ashok Gulati & Ranjana Roy

ncern, however, is with the performance in agriculture, which engages almost 47 per cent of the country’s workforce. Its growth, therefore, has a significant influence on poverty. The growth of gross value added (GVA) at basic prices from the “agriculture, forestry and fishing” sector is expected to be 2.7 per cent in 2018-19 — as against 5 per cent in 2017-18. This is a massive drop of 46 per cent. The CSO clearly states that

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Unmet farm challenge

s haven’t translated into higher farm incomes, which are a product of output multiplied by current prices. According to the Central Statistics Office, the annual growth in “nominal” gross value added (GVA) from agriculture at current prices for October-December was 2.04 per cent. Not only was this below the “real” GVA growth of 2.67 per cent, but also the lowest since the minus 1.1 per cent rate recorded way back in Octob

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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)

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Slowing Economy, Rising Joblessness -Subodh Varma

owest in six consecutive quarters. Analysts expect that this slowdown will last till mid-year at least. Looking deeper than these headline numbers, a much more serious picture emerges. Agriculture gross value added (GVA) grew at a stunningly low rate of 2.7% in the third quarter, compared to 4.2% in the preceding quarter and 5.2% in the first quarter of 2018-19. This is not some seasonal dip: in the third quarter of 2017-18, GVA growth was 4.6%, al

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Removing the roots of farmers' distress -C Rangarajan & S Mahendra Dev

with technology and associated packages, price factor was considered important. In the last two years, inflation in agriculture was much lower than overall inflation. The implicit price deflator for gross value added (GVA) in agriculture was 1.1% while it was 3.2% for total GVA in 2017-18. The advance estimates for 2018-19 show that the implicit deflator for GVA in agriculture is 0%, and 4.8% for total GVA. In fact, agriculture GVA growth was at 3.8%

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Doubling farmers' incomes differently -RG Chandramogan

tle differently from the perspective of an industry — dairy — with which I am associated. Agriculture and allied activities, in 2015-16, contributed 17.7 per cent of India’s overall gross value added at current prices. But within this larger agriculture sector, milk’s share in output value was 19.7 per cent, which means one in every five rupees of farm income comes from it: Almost every farmer, irrespective of which main crop h

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Farm suicide as an indicator of agrarian crisis should be used with caution

um support prices (MSP); a related indicator could be the proportion of mandis in a state/ region where a particular commodity sold below MSP at a certain time point/ time period. * Per capita gross value added (GVA) by agriculture, which is deflated by the Consumer Price Index-Rural (2012=100), as suggested by Prof. Prabhat Patnaik in his recent article entitled Hidden figures: The numbers show absolute deterioration in the condition of farmer

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The numbers game -Puja Mehra

One particular statistical stunt that the CSO has introduced is a structural break in its back series in 2011-12. Let us understand this in detail. Macroeconomic aggregates such as GDP and GVA (gross value added) are estimated every year at the prices of a selected year, the base year. Base years are periodically updated, and the GDP for every year all the way back to 1950-51 is then re-estimated. In 2015, the base year was updated from 2004-05

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