The COVID pandemic has resulted in one of the worst financial conditions. Manufacturing units are closed up, demand has plummeted, and job losses are seen across the sectors. The Union Finance Ministry has estimated that GDP will shrink 4.5 percent within the current year. However, hope has arisen from rural India as the agriculture sector seems to possess been relatively less stricken by the pandemic and consequent lockdown. Rural India never really went into a severe lockdown and thus harvested, procurement and consumer activity have remained more or less identical. Thus while GDP will decline, a rate of growth of two.5 percent is projected for agriculture this yr. In 2019-20 agriculture grew by 4% due to record production of food grains supported by good rains and a recovery in price...
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