Agri sector witnesses 2.9pc growth this year

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The overall performance of agriculture sector has recorded a growth of 2.9 percent during 2014-15 as compared to 2.7 percent last year due to positive steps in all related agriculture sub-sectors.

During the period, crops witnessed a growth of one percent, livestock 4.1 percent, forestry 3.2 percent and fishing 5.8 percent.

The agriculture’s crop sub-sector component which includes important crops, other crops and cotton ginning showed growth of 0.3 percent, 1.1 percent and 7.4 percent respectively.

A data in budget document on Thursday revealed that the important crops carry great significance by having a share of 25.6 percent in agricultural value added and has experienced a meager growth of 0.3 percent in fiscal year 2014-15 against growth of 8.0 percent during the same period of last year on account of revised production estimates of wheat crop.

The important crops such as cotton and rice production recorded positive growth of 9.5 percent and 3.0 percent respectively. Other crops contributed 11.1 percent in value addition of agriculture recorded an increase of 1.1 percent during 2014-15 against negative growth of 5.4 percent during the same period last year that is due to increase in production of pulses, vegetables and fruits which recorded positive growth of 13 percent, 2.5 percent and 0.9 percent respectively on account of better water availability, more fertilizer off take and relief in prices of agriculture inputs and enhanced availability of agriculture credit.