Hindustan Times – Online

The World Bank has offered a soft loan of ₹3,500 crore to Uttar Pradesh to promote food processing and crop diversification with a view to enhance the income of the state’s farmers, people in the know of things said. The loan offer was made by John Roome, regional director, South Asia, World Bank, in a meeting with chief secretary Durga Shankar Mishra and officials of agriculture and forest departments, here, on Tuesday. “The World Bank has offered us a loan of ₹3,500 crore for a period of five years, for the promotion of food processing, crop diversification and to encourage micro-entrepreneurship involving farmer producer’s organisations in UP,” additional chief secretary, agriculture, Devesh Chaturvedi confirmed. “Now, ...

The Times Of India – Online

With the advancement of the southwestern monsoon, kharif sowing has picked up in Mysuru district. On the targeted 3.95 lakh hectares, the district had registered 52% progress in sowing as on Tuesday. Farmers have sown crops in 2,07,744 hectares this year. Last year, the district had achieved 43% progress in sowing in the corresponding period. The district has targeted to cover sowing in 2.81 lakh hectares of rain-fed land along with paddy, sugarcane and other crops in 1.41 hectares of irrigated land for this kharif season. Farmers have sown hybrid maize, hybrid jowar, ragi, millets, tur dal, sunflower, black gram, sesame and other crops. The district has reported exceeding the 100% target in ...

Hindustan – Online

बिहार के कई जिलों में मंगलवार को हुई झमाझम बारिश से किसान-मजदूर व आमलोगों ने राहत की सांस ली। इस बारिश से धान की खेती में भी तेजी आएगी। वरिष्ठ कृषि वैज्ञानिक एवं कृषि विभाग में उप निदेशक अनिल कुमार झा के अनुसार जिन किसानों ने मई के अंत एवं जून के प्रथम सप्ताह में धान का बिचड़ा डाला है, उन्हें धान की रोपाई में पर्याप्त पानी मिलने से आसानी होगी। जिन किसानों ने अभी खेतों में बिचड़ा नहीं डाला है, वे बिचड़ा डाल सकेंगे। इस बारिश से खेतों की मिट्टी में नमी आएगी। अबतक खेत सूखे हुए थे। भूमि में नमी आने से उनकी जुताई भी बेहतर तरीके से किसान कर सकेंगे। कहा कि बारिश ...

Devdiscourse – Online

The fourth agricultural revolution promises to grow more food on less land while feeding more people. With cornstalks swaying on a gentle breeze and cattle in quiet contemplation of the cud, a farm would not seem to be a hotbed of revolution. But make no mistake, agriculture is squarely in the midst of the fourth industrial revolution. Emergent, game-changing technologies are driving economic, environmental, and social change in the global food system. And in the face of rising hunger, populations, and a changing climate, everyone from policy-makers to billionaires is paying attention. The US Association of Equipment Manufacturers published a study in February 2022 investigating how new technologies might help farmers do more with ...

Business Standard – Online

Food Corporation of India (FCI), the nodal agency for procurement and distribution of foodgrains, has purchased 187.86 lakh tonnes of wheat so far at Minimum Support Price (MSP) for Rs 37,852.88 crore. Wheat procurement starts from April. “Wheat procurement under the central pool in Rabi Marketing Season 2022-23 is going smoothly. Up to June 26, a quantity of 187.86 lakh tonnes of wheat has been procured, benefiting about 17.85 lakh farmers with MSP value of Rs 37,852.88 crore,” an official statement said on Monday. The Rabi Marketing Season (RMS) runs from April to March, while the Kharif Marketing season (KMS) runs from October to September. Wheat procurement target has been revised downward to 195 lakh ...

Business Insider India – Online

Indian monsoons have been erratic to say the least. While Assam received too much of it, Jharkhand has received around half of what it’s due. What has caused this? The easterly winds that bring monsoon to Northwest India have been absent in June – leading to a dry spell in North India. Instead of bringing these rains to the North, the clouds drifted to Northeast India, leading to floods. “Easterly winds, which are responsible for bridging monsoon rains, have been completely absent so far in June. We are witnessing southwesterly winds, which have taken rains from Odisha, West Bengal and Jharkhand to Northeast India,” said Dr R K Jenamani, senior scientist, National Weather Forecast ...

Krishi Jagran – Online

According to official sources, India has asked the World Trade Organization (WTO) to revise the almost three-decade-old external reference prices of agricultural commodities that are used by the WTO to determine current domestic farm subsidies granted by developing countries. While there was no progress on these concerns, WTO’s recently finished 12th ministerial, as the attention was diverted to negotiations on reducing fisheries subsidies and a patent waiver for Covid vaccines, the global organization is expected to take up these matters soon at its agricultural meetings. “These problems would be raised at every chance by India and other like-minded nations at the WTO,” one of the officials said. These countries mostly include the G-33 and other ...

The New Indian Express – Online

She hails from a family of agriculturists and understands the worries of farmers. She has been a source of relief for farmers during hard times. And agriculture department Kothamangalam assistant director VP Sindhu is on a mission to inspire farmers to take up vegetable farming by setting an example. The entire staff under the Kothamangalam agriculture assistant director office, including 11 Krishi Bhavans, have joined hands to cultivate vegetables to impress upon farmers the benefits of organic farming. They cultivate brinjal, tomato, ladies finger, spinach, bitter gourd, ash gourd, snake gourd, beans, pumpkin, cucumber and green chilly. The farm is located at Chelad, around five km from the office. The employees have split ...

Hindustan Times – Online

Haryana government has decided to promote cultivation of pulses and oilseeds in place of bajra in seven bajra-growing districts — Bhiwani, Charkhi Dadri, Mahendergarh, Rewari, Jhajjar, Hisar and Nuh — in the southern part of state under the crop diversification scheme. A target has been set to grow pulses and oilseed crops on at least one lakh acres across the state. Additional chief secretary, agriculture, Sumita Misra said the central government has increased the MSP for pulses and oilseeds. She said that under this scheme, pulses, including moong, arhar and urad and oilseed crops, including castor, groundnut and sesame, can be cultivated. Financial assistance of ₹4,000 per acre will also be provided to the farmers ...

Hindustan Times – Online

Chief minister Yogi Adityanath on Friday said that agriculture and allied sectors could play a key role in making Uttar Pradesh a trillion-dollar economy in next five years. Agriculture, he pointed out, had immense potential for growth in the state. Yogi was addressing a seminar on “Roadmap for Development of Agriculture and Allied Sector in Uttar Pradesh,” with top agriculture scientists and progressive farmers, among others, participating in the programme. “There are immense possibilities for growth of agriculture in UP and this potential can be tripled in five years if agriculture scientists, entrepreneurs of agri products and progressive farmers join hands,” he said. “The importance of agriculture was very much evident during the pandemic when ...

The Siasat Daily – Online

Agriculture in Telangana has seen a turnaround after state formation in 2014 due to the efforts of Chief Minister K Chandrasekhar Rao, state Sports, Tourism and Excise Minister V Srinivas Goud said on Friday. Goud, who was speaking at a preparatory meeting for the rainy season crop for farmers in Mahabubnagar and Narayanpet districts, spoke about the problems faced in agriculture sector in Telangana in undivided Andhra Pradesh, a release said. He spoke about the discrimination against Telangana in undivided Andhra Pradesh before 2014. Agriculture has witnessed a major positive change in Telangana with supply of 24×7 free power supply and provision of abundant irrigation facilities to the farmers, he said. He said farmers ...

Hindustan Times – Online

The early onset of summer this year has hit wheat production in Uttar Pradesh. The state alone contributes more than 25% of India’s total wheat production. A recent survey by the state’s agriculture department put the total wheat production in UP in 2022 at 359 lakh metric tonnes (LMT) which is 16 LMT less than the wheat production recorded in 2021. Wheat production as well as total food grain production had been on the rise for the last few years largely because of favourable monsoons. “Compared to the previous year, the wheat production this year is estimated to have fallen by around 16 lakh MT given the fact that wheat production in 2021 was recorded ...

Millennium Post – Online

The Agriculture growth rate in Bengal till the financial year 2020-21 since 2010-11 is better than most states in the country, as per the agriculture statistics presented by the Centre, state Agriculture Minister Sobhandeb Chattopadhyay said at the state assembly on Wednesday. He also maintained that the supply of fertiliser from the Centre for the financial year 2021-22 has also been less than the allocation. In the case of paddy, Bengal’s growth rate is 1.884 per cent while that of Uttar Pradesh and Punjab is 1.694 and 1.849 per cent respectively. In maize also, Bengal’s growth rate is 23.64 per cent which is much higher than Madhya Pradesh’s 15.93 per cent, Karnataka’s 0.94 per cent ...

The Economic Times – Online

Sowing of kharif crops like soyabean, paddy, cotton has picked up in the country amid an advancing monsoon, and rainfall over the next fortnight will be crucial, agriculture experts said. Some places such as Malwa in Madhya Pradesh and a few districts in Maharashtra are yet to get enough rainfall for sowing soyabean while there is a rush among farmers in Gujarat for sowing cotton in anticipation of good returns. In Haryana, intermittent pre-monsoon rains have helped farmers to sow paddy crop. Paddy farmers in Bengal, too, are sowing. “As of today, monsoon has been decent for sowing soyabean crop, though in Malwa region there is lesser rainfall which is impacting sowing,” said D ...

The Wire – Online

As many as 9,291 farmers died by suicide between 2000 and 2018 in six districts of Punjab, a Panjab Agriculture University (PAU) study published in the latest edition of Economic and Political Weekly has revealed. The districts surveyed were Sangrur, Bathinda, Ludhiana, Mansa, Moga and Barnala. Heavy debt – most incurred against loans from non-institutional sources – was stated as the prime driving factor in 88% of these cases, the study has found. Marginal and small farmers were the chief victims – 77% of famers who died by suicide owned fewer than two hectares of land, the study said. The field survey also revealed that around 93% of the affected households were of those where ...

The Times of India – Online

With the prolonged monsoon and erratic rainfall, several farmers suffered crop losses. Consequently, bad loans in the agriculture sector rose in FY 2022. According to the latest report by State Level Bankers’ Committee (SLBC) tabled at the 173rd SLBC meeting in Ahmedabad on Tuesday, non-performing assets in agriculture loans stood at Rs 6,572 crore in financial year 2021-22. Bad loans in agriculture grew from Rs 5,696 crore in 2020-21, up 15% in the current fiscal year. NPAs in crop loans stood at Rs 2,808 crore, and in agriculture loans at Rs 3,764 crore in the current fiscal. Cotton farmers incurred major losses according to estimates from bankers due to erratic rainfall and reduced ...

Hindustan Times – Online

As temperatures soared past 40 degrees Celsius in March , the hottest on record, wheat farmer Gurbaksh Nagi of Punjab’s Mansa district noticed that stalks of maturing grains in his field had turned brown from golden yellow, a sign they had shriveled from extreme heat. Now, official data from crop-cutting experiments, which help scientists determine yields, show the extent of damage. A scorching summer linked to climate crisis in Punjab, Haryana and Uttar Pradesh, three breadbasket states, saw wheat productivity decline the most in two decades, official data show. This year’s losses come on the heels of a similar heatwave in 2010 and a milder one in 2019. The perilous impacts on the staple signal ...

Telangana Today – Online

Fisheries, dairy and other sectors allied to agriculture have achieved significant progress in Telangana since its formation in 2014, the State government said on Monday. Chief Minister K Chandrasekhar Rao, who often stresses on the importance of agriculture, had allocated thousands of crores of rupees in the budget during the last eight years for the development of livestock, an official release said. The livestock wealth was worth Rs 24,878 crore in 2013 and it rose to Rs 94,400 crore by 2021-22, it said. In sheep-rearing, the number of sheep increased from 1.28 crore in 2012 to 1.91 crore in 2019. Milk production grew from 42.07 lakh tonnes in 2013-14 to 60.99 lakh tonnes in 2021-22. ...

The Times of India – Online

India, which is producing foodgrains in surplus, has the potential to be a major global player in agriculture, and this will be possible with proper coordination among various agencies connected with agriculture, said Union minister of state for agriculture and farmers’ welfare Shobha Karandlaje. She was speaking at the zonal workshop of Krishi Vijnana Kendras (KVK), on ‘Strengthening Integrated Farming System through Appropriate Technologies along with Organic and Natural Farming Practices,’ organised by the University of Agricultural Sciences (UAS), Dharwad, in collaboration with other agencies on Sunday, and said that to achieve this, farmers must stress on natural farming. “Even though there cannot be an immediate shift to organic farming, it should be ...

DownToEarth – Online

The start of kharif season 2022 has not been good. About 22 per cent less sowing has been reported in the first fortnight of the season than last year, according to figures from the agriculture department. Experts consider monsoonal rains to be a major reason for this. Santosh Kr Bal, project coordinator, All India Coordinated Research Project on Agro-metrology, Indian Council for Agricultural Research, said though the southwest monsoon had entered Kerala, peninsular and central India had received 41 and 69 per cent less rainfall than normal till June 12, 2022. He said much of central and southern India was dependent on rain-fed irrigation, which is why farmers had not been able to start sowing for ...

The Statesman – Online

In conversation with Saurabh Agarwal, Founder, and Director of GROWiT India Pvt. Ltd. Why was GrowiT started, and what does it solve for farmers and agriculture in India? GrowiT was established by Saurabh Agarwal in 2019 with a vision to help and support the rural farmers of the country. It is India’s first Direct-to-Farmer (D2F) protective farming agritech company. The company specializes in manufacturing high-quality and cost-effective protective farming materials and products for farmers. GrowiT ensures optimum quality and high yield for the Indian Agricultural & Farming Industry. The company has introduced an extensive range of protective farming techniques and innovative products to improve farm productivity and quality to increase farmers’ income. Currently, GrowiT is ...

Krishi Jagran– Online

Ambassador Eynat Shlein, Head of MASHAV- Israel’s Agency for International Development Cooperation, Ministry of Foreign Affairs of the State of Israel, concluded an official visit to India from June 10 to June 16, 2022. This visit aimed to further strengthen the Israel-India strategic partnership and development cooperation in the fields of agriculture and water. Ambassador Eynat Shlein said, “India is a strong, strategic partner of Israel. The two most significant pillars of our growing relations are cooperation in agriculture and water, which was the focus during my visit to India. These two fields are so important that out of the 6 resident experts that Mashav posted around the world, 2 are based in India.” She further ...

The Times of India – Online

Minister for agriculture P Prasad inaugurated a one-day training on smart farming using the e-crop system developed by Indian Council of Agricultural Research (ICAR)-Central Tuber Crops Research Institute (CTCRI) here on Thursday The e-crop is an internet of things (IoT) device based on artificial intelligence. Launching the facility, the minister said that farmers become smart when smart services are provided to them. “The agricultural sector will gain vigour only when farmers become smart. Every human being who consumes food is related to agriculture. The government and the society have to interfere to solve the problems being faced by farmers. Whenever a technology is developed, farmers should be given priority,” said Prasad. He congratulated ...

FirstPost – Online

For many of us, the term holiday holds happy connotations. But when cultivators declare a ‘crop holiday’ it usually comes when they are at the end of their wits. Like farmers in Andhra Pradesh’s Godavari Delta have done recently, for example. Let’s take a closer look at why this is happening and the politics over it: As per The Hindu, farmers in the Godaveri Delta have taken this measure due to delay in payment of paddy procured by the government and poor access to irrigation water through the existing canal system. Farmers in the stretch of Allavaram, Katrenikona, Uppalaguptam and I.Polavaram Mandals under the Godavari Delta have declared the ‘crop holiday’ without commencing Kharif operations. As ...

Business Standard – Online

Ukraine may not be able to regain its role in helping maintain global food security unless damage done to the country’s agriculture sector during Russia’s invasion is repaired, Ukrainian experts said on Wednesday. An analysis by the Kyiv School of Economics Institute’s Center for Food Research and Land Use in cooperation with the agriculture ministry said 2.4 million hectares of winter crops worth $1.435 billion would not be harvested because of the war. The agriculture sector has so far suffered losses of $4.292 billion because of the invasion and the war has killed about 42,000 sheep and goats, 92,000 cows, 258,000 pigs and more than 5.7 million heads of poultry, it said. “Russia’s aggression affects ...

Financial Express – Online

The government aims to make efforts to include agriculture as part of the school curriculum under the National Education Policy (NEP 2020), agriculture minister Narendra Singh Tomar said on Tuesday in a session organised by Indian Council of Agricultural Research (ICAR). According to the minister, agriculture is the priority and strength of the Indian economy, which acts as the backbone in adverse conditions. He emphasised on mainstreaming agricultural education under the NEP 2020. The session discussed the development of policy and pathway to introduce agriculture as a subject in course curriculum and provide options for students to explore a career in the various arenas of the farm sector. “The NEP-2020 will enable the overall development ...

Hindustan Times – Online

After a gap of several years, maize cultivators in Haryana have a reason to cheer as they are set to reap a rich harvest following a sudden spike in the prices, which have even surpassed the minimum support price (MSP). Though the government agencies do not procure the rabi maize, private traders have been showing a good interest this year and prices have increased up to ₹2,000 per quintal against the MSP of ₹1,870 fixed for the last year’s kharif maize and ₹1,962 fixed for the next kharif harvesting season. “Generally, in the lack of government agencies the prices of rabi maize remained below ₹1,200 per quintal and this is for the first time in ...

The New Indian Express – Online

In a marked improvement, almost 90 per cent of agricultural fields in Karimnagar district gets irrigated through canals. According to data compiled by the agriculture authorities, In 2022, only 10,422 acres of land out of 4,01,741 acres of cultivable area were under horticulture crops. When compared to the previous year, said District Agriculture Officer V Sreedhar, the irrigation facility is now available for up to 90 per cent of the cultivable land. The irrigation facility has been made available through reservoir, canals and mini tanks. “Lower Manair Dam provides irrigation water to 76,033 acres, farm wells help in irrigating another 1,59,366 acres. Besides that, Kaleshwaram project water reaches about 15,065 acres of land ...

The Economic Times – Online

Dr. Ashish Bhutani, State Project Director of Assam Agribusiness and Rural Transformation Project (APART) said that Government of Assam is committed to promote an enabling agriculture enterprise ecosystem in the state. Assam Agribusiness Growth Lab, an APART led acceleration program in partnership with CIIE.CO, IIM Ahmedabad’s incubator, completing its inaugural cohort, successfully staged “Pitching & Demo Day” on Friday. The Demo Day was a coming together of stakeholders, government agencies, financial bodies, investors, buyers with the AAGL entrepreneurs in focus. Industry stalwarts present were from DIC, NEDFi, NRL, NABARD, HDFC bank NSE -2.64 %, North East Small Finance Bank, CII, FINER, SELCO Foundation, Department of Fisheries, Department of Agriculture, ARIAS Society, World Veg, World ...

The Economic Times – Online

Food import bills will reach a record high this year and food markets are likely to tighten around the world, according to a glum new forecast by a U.N. food agency. The Food Outlook, issued twice a year by the Food and Agriculture Organization, also found that “many vulnerable countries are paying more but receiving less food” in imports. The report issued Thursday by the Rome-based agency noted that developing countries are reducing imports of cereals, oilseeds and meats, reflecting their inability to cover the price increases. The forecast cited “soaring input prices, concerns about the weather, and increased market uncertainties stemming from the war in Ukraine,” which has seen millions of tons of ...

Hindustan Times – Online

This piece is spurred by emotive and somewhat simplistic views expressed in sections of the media regarding Indian wheat export. Some have argued that India should be self-sufficient in all foods, while others have suggested that India can be a granary to the world. Both arguments indicate information gaps. There are multiple dimensions to reckon for a composite and sensible debate on Indian and global agriculture and food. To address the first suggestion of self-sufficiency, implying trade restrictions and closed borders, it bears reminding that India imports 12-14 million tonnes of edible oil (cooking oil) and is the largest edible oil importer in the world. To substitute this large amount of edible oil with domestic ...

India Today – Online

The total wheat procured by government agencies in Madhya Pradesh on May 31, 2022—the day the procurement exercise came to an end—stood at 46.02 lakh tonnes, down from 128 lakh tonnes in 2021, marking a drop of a whopping 82 lakh tonnes. While a large part of the drop in government procurement can be explained through sale by farmers to private traders, there is still a gap between the estimated production and sales figures, both to government and private traders. Where is this ‘missing’ wheat? Video Player is loading. PlayUnmute Loaded: 0.00% Fullscreen In 2021, the production figures of wheat announced by the state government stood at 356.69 lakh tonnes. The same year, a total ...

The Economic Times – Online

At a time when economies across the world are finding ways for sustainable farming due to depleting groundwater levels, agri-tech solution company Gram Unnati worked closely with multiple stakeholders to help farmers in Udham Singh Nagar district of Uttarakhand save 4,000 liters of water per acre by bringing climate-compatible agriculture to over 5,000 acres of farmland. Gram Unnati worked closely with the local district administration, local maize processors, input companies, and lead farmers in a short span of 18 months prompting 2,000 farmers to switch to climate-compatible crops that are commercially viable as well. Aneesh Jain, CEO and Founder, Gram Unnati, said, “The success of the project comes at a time when we are ...

The Economic Times – Online

Assam Minister for Agriculture Atul Bora stated that the Government is planning to start Millet Mission in the coming days. With an aim to strengthen the Agro-Economy in Assam, the First State Level Conclave cum Exhibition of the Farmer Producer Companies (FPCs) was held in Guwahati. Organised by Assam Agribusiness & Rural Transformation Project (APART), the conclave aims to facilitate a platform for the registered FPCs of the State. Bora said that the Government is also planning to start Millet Mission in the coming days. Farmers today are also taking keen interest in diversification of crops, which is an added boost to the Agricultural Sector, the Minister stated. He also reiterated the need to ...

Hindustan Times – Online

Amid heatwave and extended dry spell, Haryana farmers are finding it difficult to protect their crops from weather conditions as the power supply to feeders has been curtailed to five hours. Farmers said the electricity supply of five hours to agriculture feeders is insufficient as they are depending on tube well water to keep their crop alive. Sugarcane and vegetable growers are demanding that the electricity supply to agriculture feeders in their belts be increased immediately. Farmers said the power supply to agriculture feeders has been curtailed to five hours from previous eight. They claimed of spending on diesel pumps to keep their crops alive as day temperature currently remains above 40 degrees Celsius and ...

Hindustan Times – Online

Developed nations are following India when it comes to renewable energy, said Union Rural Development and Panchayati Raj Minister Giriraj Singh while addressing the ‘Conference of panchayats-2022’ at Indira Gandhi Pratishthan here on Sunday. He said that at present climate change is having adverse impact on agriculture. “Not just production but quality of crop is being affected too. In fact climate change is making an impact across the globe,” he said. Deputy chief minister Brajesh Pathak, while addressing the programme, said that although man has made progress, for that progress the nature was disturbed. We should take a pledge to conserve environment and one strong step could be planting saplings, he said. State’s forest minister ...

The New Indian Express – Online

With the onset of monsoon in Karnataka, farmers might be rejoicing as the India Meteorological Department (IMD) has predicted good rain for this year. But what may come as a shock to many is the serious crisis being faced by the State Agriculture Department. The department is facing an acute staff shortage with less than 50 per cent employees working. This has negatively impacted the functioning of the department and the affected parties are mostly the beneficiaries and farmers who haven’t received benefits. The sanctioned staff strength of the department from different cadres is 9,007 posts, of which only 4,020 posts have been filled. This means there are only 44 per cent of ...

Hindustan Times – Online

The application of razor-thin sheets of polyethylene film across farmlands began in the 1950s when agronomists noticed that it could successfully moderate soil temperature, limit weed growth and prevent moisture loss. All essential factors in crop production, this method was found to increase cotton, maize and wheat yields by an average 30%. The promise of increased yields at a relatively low cost formed a multi-billion dollar industry for agricultural plastics. According to Food and Agriculture Organization experts, agricultural value chains use 12.5 million tonnes of plastic products each year. Crop production and livestock combined accounted for 10.2 million tonnes (Mt) per year of plastics, followed by fisheries and aquaculture with 2.1 million tonnes and forests ...

Business Standard – Online

Rajasthan has become the second Indian state to sign a Memorandum of Understanding (MoU) to save soil by preventing and reversing desertification of fertile lands. In the Save Soil programme held in Jaipur on Friday night, Rajesh Chand Meena, state minister for panchayat raj and rural development, Lalchand Kataria, state agriculture minister with Sadhguru, Founder of Isha Foundation, called for immediate policy-driven action to save the state and country’s agricultural land from becoming barren. A policy needs to be constituted to save soil in the world, he said, adding: “In India, the average organic content in agricultural soils is estimated to be 0.68 per cent, putting the country at high risk of desertification and soil ...

Krishi Jagran – Online

Despite a severe heatwave that reduced wheat yields and the agricultural ministry lowering its cotton harvest expectation in the latest estimate announced earlier this month, the farm and allied sector grew by 4.1 percent in the March quarter and remained a bright spot in the GDP numbers. However, a slight and inconducive contraction in manufacturing in the fourth quarter of FY22 does not speak well for the promise of a swift and sharp reversal in private spending. In the first months of the last quarter, manufacturing growth slowed to 0.2 percent, compared to 0.3 percent the previous quarter, due to high input costs, complex global supply chains, and Covid-induced mobility restrictions. Furthermore, manufacturing contracted as ...

Financial Express – Online

The farm and allied sector recorded a decent 4.1% expansion in the March quarter and remained a bright spot in the GDP data, despite intense heatwave curtailing the yield of wheat and the farm ministry slashing its cotton harvest forecast in the latest estimate released earlier this month. However, a contraction in manufacturing in the fourth quarter of FY22, albeit marginal and on an inconducive base, doesn’t bode well for the promise of a quick and sharp turnaround in private capex. Growth in the manufacturing sector, hit by high input costs, tangled global supply chains and Covid-induced curbs on mobility in the initial months of the last quarter, sink to -0.2%, against 0.3% in the ...