We expect the year 2020-21 to be the most important year for Indian agriculture both nationally and globally. The Agri sector could play a major role in supporting Indian GDP growth. This is what has been corroborated by FICCI in its recent survey. While it predicts India’s GDP growth in FY21 to contract 4.5 percent, it also mentions “Agriculture seems to be the only sector with a silver lining right now. “FICCI indicated a median growth of 2.7 percent for agriculture and allied activities for 2020-21. Production and demand are the 2 aspects of Agri sector growth. India being a major producer, consumer and exporter of most agricultural commodities, keeps raising the bar when it comes to the production aspect. Record production in many food items keeps getting noted year after year. Aided by good Monsoon (this year too), we can expect better crop as sowing area rises.

(Moneycontrol)