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Sowing to be 20 pc lower: Finance Minister

Food production in the current fiscal is likely to go down as sowing will be 20 per cent lower due to the weak monsoon, Finance Minister Pranab Mukherjee said on Tuesday.

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Food production in the current fiscal is likely to go down as sowing will be 20 per cent lower due to the weak monsoon, Finance Minister Pranab Mukherjee said on Tuesday.

Also, 161 districts have been declared drought-prone, he added. However, indicating that this is unlikely to dampen the overall economic scenario, Mukherjee said he is in agreement with the Reserve Bank of India's growth projection six per cent and above for the current fiscal.

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