During a briefing on the Q3 GDP numbers, Nageswaran expressed optimism about India's medium-term economic prospects. He cited strong rural demand, recovering urban consumption, robust kharif production, and better rabi sowing as positive indicators for output growth.
India's Rabi crop sowing has been robust this season, with farmers planting crops across 661.03 lakh hectares so far compared to 651.42 lakh hectares same period last year, marking a 1.5 per cent year-on-year increase.
The agriculture sector is expected to maintain robust growth in the second half of FY25, driven by favorable monsoon conditions, higher reservoir levels, and healthy Rabi sowing, says a report by Bank of Baroda.
Locusts are voracious in nature and are known for their vegetation-destroying abilities and their large-scale presence may pose a potential threat to food security.