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ICRA predicts slower growth in India's agriculture, with mixed performance in crop sectors.
ICRA predicts a 4.5% growth in India's agricultural Gross Value Added (GVA) for the first quarter of 2025-26, down from 5.4% previously.
For the full fiscal year FY2026, growth is expected between 3.5% and 4.0%, influenced by mixed sowing patterns.
Healthy growth in moong, rice, and maize contrasts with declines in arhar, urad, and soybean.
The Indian Meteorological Department forecasts above-normal rainfall in August-September, supporting Kharif crop sowing, though distribution remains uncertain.
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El ICRA predice un crecimiento más lento en la agricultura de la India, con un desempeño mixto en los sectores de cultivos.