07-November-2024
Economy News
 
Kharif output seen up 5.4 per cent, to boost rural income
06-Nov-2024

India’ food grain production will likely reach a record level of 164.7 million tonne (MT) in 2024-25 kharif season, with year-on-year increase of 5.4%, the ministry of agriculture said in Tuesday releasing the first advance estimate. This augurs well for the rural economy and consumption, with improved income prospects for farmers. With above-normal monsoon rainfall and high reservoir levels, the rabi sowing, which has just started, is also expected to be robust. Potentially, higher grain output could give a boost to the gross value added (GVA) in agriculture and allied sectors in the current fiscal year, although rural incomes are also a function of prices fetched by the cultivators.

News Source:- https://www.financialexpress.com/policy/economy-kharif-output-seen-up-5-4-per-cent-to-boost-rural-income-3657222/