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Agriculture sector registers growth of 27.6 per cent
Amaravati: Finance Minister Yanamala Ramakrishnudu reviewed the performance of the State economy during the first quarter of 2017-18 at theSecretariat on Thursday.
The Gross Value Added (GVA) of the first quarter of 2017-18 (Q1) at constant (2011-12) prices is estimated at Rs 1,19,652 crore as against Rs 1,07,099 crore of the corresponding quarter (Q1) of 2016-17, registering a growth of 11.72 per cent. Whereas, GVA of All India for Q1 of 2017-18 registered a growth rate of only 5.6 per cent.
An encouraging growth in agriculture & allied (27.60%) led to the sustainable growth trajectory during Q1 of 2017-18. However, the sectors, including Industry (8.05 %), Services (8.67%) registered a moderate growth, though they are slightly lagging behind the targets and expected to improve in the subsequent quarters.
