Annual average growth rate of agriculture

During which year was the annual average growth rate (at constant prices) of agriculture and allied sectors negative?

  1. 2002-03
  2.  2003-04
  3.  2005-06
  4.  2006-07
Monis Rasool Professor Asked on 11th May 2015 in Economics.
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    2002-03

    During 2002-03, was the annual average growth rate (at constant prices) of agriculture and allied sectors negative. It should be noted that agriculture growth in nearly 40 years. More generally, whereas earlier periods saw at least one and normally two years of negative growth in every five year, there has not been a single year of negative growth of agriculture and allied sectors after 2003-03.

    Although agriculture now accounts for only 14 percent of Gross Domestic Product (GDP), it is still the main source of livelihood for the majority of the rural population. The average of annual growth rates of GDP in agriculture and allied sectors during the Eleventh Five Year Plan is now placed at 3.3 per cent. This is short of the target of 4 percent  but is significantly better than the achievement of 2.4 percent in the Tenth Plan.

    Monis Rasool Professor Answered on 29th July 2015.
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