The Economic Survey report 2017-18 stated that the Agriculture growth in FY18 was likely to be at _____
2.10%
Understanding the Economic Survey and Agriculture Growth in FY18
The question asks about the projected growth rate of the agriculture sector for the financial year 2018 (FY18) as reported in the Economic Survey 2017-18.
The Economic Survey is an annual report presented by the Government of India, which reviews the country's economic development over the past year. It provides detailed statistical data on all sectors of the economy, including agriculture, and often makes projections for the upcoming year.
According to the Economic Survey released in early 2018, which covered the fiscal year 2017-18, the growth in the agriculture sector was projected to be 2.10% for FY18.
This figure reflects the performance and outlook for the agriculture and allied sectors during that specific period, influenced by factors such as monsoon rainfall, production levels of major crops, and government policies related to agriculture.
Analysing the Economic Survey 2017-18 Projections
The Economic Survey 2017-18 provided a detailed analysis of the Indian economy. For the agriculture sector, specifically, it noted the challenges and prospects. The projected growth rate of 2.10% for FY18 indicated a moderate performance compared to some previous years, influenced perhaps by specific weather patterns or other agricultural conditions during that year.
It's important to note that these figures are projections made at a certain point in time based on available data, and the actual final growth figures released later might differ slightly.
Correct Growth Rate for Agriculture in FY18
Based on the data presented in the Economic Survey 2017-18 report regarding the performance of the agriculture sector, the likely growth rate for the financial year 2018 was stated as 2.10%.
| Report | Sector | Financial Year | Projected Growth Rate |
|---|---|---|---|
| Economic Survey 2017-18 | Agriculture and Allied Sectors | FY18 (2017-18) | 2.10% |
Conclusion on Agriculture Growth Projection
The question asks for the figure stated in the Economic Survey 2017-18 for agriculture growth in FY18. The relevant figure from the report is 2.10%.
Revision Table: Economic Survey & Agriculture Growth
| Concept | Description | Relevance to Agriculture Growth |
|---|---|---|
| Economic Survey | Annual report reviewing India's economy | Provides official data and projections for the agriculture sector. |
| Financial Year (FY) | 12-month period (April to March in India) | Economic data, like agriculture growth, is typically reported for a specific financial year (e.g., FY18 refers to April 2017 to March 2018). |
| Agriculture Sector | Includes farming, livestock, forestry, and fishing | Its growth rate is a key indicator of rural economy health and overall GDP growth. |
Additional Information: Indian Agriculture Economy
- The agriculture sector is crucial for the Indian economy, employing a significant portion of the population and contributing to food security.
- Growth in the agriculture sector is heavily dependent on monsoon rains, making it vulnerable to weather fluctuations.
- Government policies, such as Minimum Support Prices (MSPs), subsidies, and irrigation schemes, play a vital role in supporting agriculture growth.
- The Economic Survey's analysis helps in understanding the challenges (like climate change impacts, market access) and opportunities in the agriculture sector.
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