Agriculture growth expected to remain strong in second half of FY25: Bank of Baroda
Bank of Baroda.
The report highlighted that factors like favorable monsoon conditions, and higher reservoir levels are likely to strengthen rural demand, increase farm incomes, and contribute to a positive economic outlook.
It said, «Agriculture growth expected to clock robust growth in the same period (Second half of FY25)»
The report also stated that according to the National Oceanic and Atmospheric Administration (NOAA), there is a 57 per cent chance of La Nina conditions between October and December, which may persist into the January-March period, potentially resulting in a milder winter.
La Nina is a natural climate phenomenon that occurs when the ocean surface in the central and eastern equatorial Pacific cools. It affects the rainfall conditions globally.
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