Positive trends for India’s farm sector in H2, up to 3.5% agri growth expected in FY 21, says ICRA

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Credit rating agency ICRA, which last month projected a hefty 11 percent contraction in India’s GDP growth in 2020-21, is expecting the exceptionally good run of the country’s farm sector to contribute to growth in the second half of the current fiscal. The agency released its broader report on economic growth trends in the agriculture sector […]

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Torrential rains likely to trim output of India’s main summer season oilseed soybean

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Heavy monsoon rains have damaged India’s main summer-sown oilseed crop soybean, although the total output will still likely be higher than last year. “We think that the output could be around 105 lakh tons, instead of 115 lakh tons that we were anticipating at the start of the season,” said B.V. Mehta, executive director of […]

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COMMENT – Monsoon’s munificence may only lighten India’s economic gloom

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The rain god’s bounty with the seasonal monsoon has lightened the sombre mood in the Indian economy, stirring hopes of a demand pick up during the upcoming festival season. After an exceptionally wet monsoon season between June and end-August that saw rainfall at 107.5% of the long period average, rains have petered out again in September. But the […]

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India’s growth hopes chase monsoon’s vagaries amid record plantings

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Farmer Rao Talib rues that a late monsoon burst has partly damaged his rice crop in the northern Khedi Shikohpur village near Dehradun, but he is still hopeful that the harvest will be enough to see his family through the Covid pandemic. The responsibility of maintaining a large family of nine has grown as recently one […]

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