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Farm growth falls in FY12 on high base effect
India’s farm growth fell from seven per cent in 2010-11 to 2.8 per cent in 2011-12, owing to low emphasis on non-cereal crops and waning of the low base effect of the drought in 2009-10 on farm production. The growth, below the long-term trend of about 3-3.3 per cent, prompted many experts to question the policy of over-emphasis on cereals. “Despite the record grain production in 2011-12,
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