Chennai: While an above-normal monsoon has been predicted for this year, improved irrigation intensity, deployment of climate-resistant crops, and other productivity-related measures have lowered the Kharif dependency on monsoon rainfall over the years. However, the dependency on overall agriculture is still high as Rabi food grain output is still dependent on monsoon rainfall. Along with improved irrigation intensity, the deployment …
Chennai: Assuming that it would be a normal and well-distributed monsoon next year, agri GVA is likely to grow by 3.4 per cent against 1 per cent this year. ICRA estimates the agri-GVA growth to slide to 1 per cent in FY2024 from 4 per cent in FY2023, amid weak estimates for kharif crop output and mixed trends for rabi …
The government is on track to meet its fiscal deficit target of 5.9% of GDP for this year, the Department of Economic Affairs has said, noting that revenues are buoyant, and the “steep, rapid decline in oil prices” has addressed an important source of potential impact on public finances. “Continued buoyancy in revenue collections supported by prudent expenditure management has …
The story so far: In order to increase the availability of onions in the market, especially ahead of the upcoming festive season, the government on August 19 imposed a 40% duty on the export of onions until the end of the year. The rabi crop contributes the most to production in a calendar year — market intelligence firm CRISIL’s report …
The Indian economy is witnessing a V-shaped recovery as the Gross Domestic Product has recorded a quarter-on-quarter growth of 23% in the July-September quarter of this fiscal, according to the Finance Ministry's latest Monthly Economic Review. The fundamentals of the economy remain strong as gradual scaling back of lockdowns, along with the astute support of Atmanirbhar Bharat Mission has placed …