The country is estimated to achieve an all-time high foodgrain production of 295.67 million tonne in 2019-20 crop year, the fourth consecutive year of record production, buoyed by good rains, the Agriculture Ministry's latest data released on Friday said
Govt sets foodgrain production target at record 298.3 mn tons for 2020-21 crop year on hopes of normal monsoon
The agriculture ministry aims to increase foodgrain production by 6.35 million tonnes to record 298.3 million tonnes in the 2020-21 crop year riding high on hopes of normal monsoon
India harvested a record 284.83 MT of foodgrain in the 2017-18 crop year (July-June).
In its fourth advance estimate released on Tuesday, the ministry revised upward the total foodgrain production by 5.3 million tonnes from the previous projection of 279.51 million tonnes for the 2017-18 crop year.
Enthused by Met Department's forecast of a normal monsoon, Agriculture Secretary S K Pattanayak on Monday said the country's foodgrain production may surpass this year's record high of 277.49 million tonne(MT)
In its quarterly review of the economy, NCAER said prospects for the agricultural sector in 2017-18 remain optimistic on forecast of good rains.
Most economists and bond dealers expect the central bank not to tinker with its key rates on 4 October meeting and go for the next rate cut in December at the earliest. But, it is unlikely that US Federal reserve’s rate movements will dominate RBI’s rate cut plan then.
The Indian economy has grown six fold in size between 2001 and 2015 and now stands at Rs 125.41 lakh crore in fiscal year 2015 from Rs 21.77 lakh crore in fiscal year 2001 at the start of this millennium.
foodgrains production is estimated to fall by three percent to 257.07 million tonnes in 2014-15 crop year on expected decline in output of rice, coarse cereals and pulses due to erratic rain.