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Farm sector may grow by 3.4% this fiscal on normal monsoon

Agriculture and allied sectors could achieve a higher growth rate of 3.4 percent this fiscal if the country receives normal monsoon, PM's economic advisory panel chairman C Rangarajan said on Wednesday.

PM's economic panel lowers growth estimate to 6.7% for 2012-13

Prime Minister's Economic Advisory Council (PMEAC) pegged economic growth rate for current fiscal at 6.7 percent, less than an earlier estimate of 7.5-8 percent.

Farm sector growth likely to be 3% this year: PMEAC

The Prime Minister's Economic Advisory Council today projected 3 percent growth for the farm sector in 2011-12 buoyed by record grains output, strong growth in horticulture and animal husbandry sectors.