Bank of Baroda forecasts strong agricultural growth in India due to favorable monsoon conditions.

Bank of Baroda predicts strong agricultural growth in India for the second half of fiscal year 2025, driven by favorable monsoon conditions and healthy crop sowing. This agricultural resilience, achieving 3.5% growth in the second quarter, is expected to boost rural demand and farm incomes. Despite challenges in other sectors, a 57% chance of La Niña conditions may further aid crop yields, supporting a steady economic growth trajectory in India.

December 02, 2024
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