kharif crop

December 16, 2024 4:51 PM

Strong kharif and rabi crop outlook eases India’s food inflation concerns

The arrival of kharif crops in the market, coupled with a robust outlook for the rabi crop, bodes well for the food inflation outlook, economists said on Monday. This positive sentiment comes as the wholesale price index (WPI) inflation eased to 1.9 percent in November, down from 2.4 percent in October. The moderation in WPI inflation last month was primarily driven by a decline in food inflation. "The arrival of fresh harvests has led to a seasonal correction in food prices," said Rajani Sin...

November 21, 2024 3:21 PM

Private consumption driving growth in Q3, with rural India taking the lead: RBI

The slowdown observed in the Indian economy during the second quarter of 2024-25 appears to be behind us, with private consumption once again driving domestic demand. Festival spending has reignited real activity in Q3, according to the Reserve Bank of India’s (RBI) November bulletin. The report highlights rural India as a key growth driver, particularly for e-commerce during the festive season. This momentum is expected to strengthen further, supported by a sharp rise in kharif crop output a...

September 23, 2024 9:08 PM

Kharif crop sowing increases by 1.5% to 1104.63 lakh hectares

India has seen a rise in Kharif crop sowing this year, with farmers planting crops across 1,104.63 lakh hectares, a 1.5% increase from last year’s 1,088.26 lakh hectares. This year’s sown area also exceeds the average cultivated land during the period from 2018-19 to 2022-23. According to the latest data, paddy, pulses, oilseeds, millets, and sugarcane have shown a year-on-year increase in sowing, while crops such as cotton and jute/mesta have seen a slight decline. Within the pulse categor...

September 16, 2024 6:17 PM

Cabinet approves MSP for 14 Kharif season crops, farmers to get Rs 35,000 crore more over previous season

The Union Cabinet on Wednesday approved an increase in the Minimum Support Price (MSP) for 14 Kharif crops, including paddy, ragi, bajra, jowar, maize, and cotton. The decision will have a financial implication of Rs 2 lakh crore for the government while ensuring a gain of Rs 35,000 crore for farmers over the previous season. Addressing the media after the Cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnaw underscored the significance of Prime Minister Narendra Modi's third...

May 4, 2024 5:53 PM

India lifts ban on onion exports after robust production

India lifted the restrictions on onion exports from Friday. The decision comes on the heels of robust kharif crop production in 2024 and favourable monsoon forecasts, coupled with stable market conditions both at the mandi and retail levels. "All restrictions on onion export have been removed with effect from today," said Nidhi Khare, Secretary, Department of Consumer Affairs, at a press conference in Delhi. Khare said, "This is basically taking into account the Rabi 2024 production and approv...