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Agriculture sector posted a modest growth of 1.2 per cent during the outgoing fiscal year against the growth target of 3.8 per cent. However, it provided much needed support to boost exports, revival of manufacturing sector and responsible for upbeat in the consumption, says Economic Survey for 2010-11 released here on Thursday. Major crops, accounting for 31.1 per cent of agricultural value added, registered a negative growth of 4 per cent for second year in a row mainly because of decrease in production of rice and cotton by 29.9 per cent and 11.3 per cent, respectively as a result of 2010 floods, but still higher output prices are manifested in higher production and imp ... Read more »
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