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`Errant monsoon unlikely to affect industrial growth'
NEW DELHI:
With fears of delayed monsoon doing the rounds, an economic think tank National Council of Applied Economic Research (NCAER) on Tuesday said lower agricultural production is unlikely to affect the industrial growth this fiscal.
"With the declining share of the agriculture sector in overall gross domestic product, a weakening of the relationship between agricultural production and industrial growth is inevitable,'' NCAER said in its latest monthly report `Macrotrack'.
The monsoon, which generally hits Kerala by June 1, was delayed by about four days, raising a lot of anxiety about the fate of the kharif crop and the overall performance of agriculture sector this fiscal.
However, it is too early to worry about the impact of the monsoon, NCAER said, adding a poor or good start to the rainy season is no indicator of the monsoon's eventual performance. — PTI
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