Improvement in economy might slow down or even stagnate in the second quarter

India has had little option but to open up the economy. That has led to some improvement in economic activity towards the latter part of the April-June quarter — but this is unlikely to sustain. In the July-September quarter, we expect the pace of improvement to slow down or even stagnate and fall in some […]

The Lockdown Revealed the Extent of Poverty and Misery Faced by Migrant Workers

This lockdown hunger is not the only worry. Post-COVID, access to safe and nutritious foods would be uncertain if adequate policy measures are not taken. The COVID-19 pandemic has further worsened India’s hunger and malnutrition woes, more so for the millions of informal workers, on their way back home or struggling to meet two ends […]

WhatsApp groups to keep farmers alert over locust threat

The district Agriculture Department has been organising mock drills and keeping farmers updated on the current location and chances of locust attack in various areas. The department is on alert and has formed various WhatsApp groups. Around 250 progressive farmers from the district are a part of these groups. These groups keep farmers updated about […]

Aatmanirbhar in agriculture will require incentives for export of high-value agri-produce

On the agri-imports front, the biggest item is edible oils — worth about $10 billion (more than 15 mt). This is where there is a need to create “aatma nirbharta”, not by levying high import duties, but by creating a competitive advantage through augmenting productivity and increasing the recovery ratio of oil from oilseeds. With […]

Rural economy: Capacity building should be the focus at this time of free trade, writes MCDC officials

During the initial phases of lockdown, when farmer groups from the interior of Maharashtra visited housing societies in Mumbai and Pune for the supply of fresh fruits and vegetables, overwhelmed residents greeted them with smiles and a sense of relief. With the President of India promulgating ‘The Farming Produce Trade and Commerce (Promotion and Facilitation)’ […]

Tractor sales in June may see double-digit growth

MUMBAI: Domestic tractor sales will likely clock double-digit year-on-year growth in June given the strong recovery in demand following dismal performance in April because of the lockdown, said three people aware of the development. The surge in sales has been attributed to a robust rabi harvest, timely arrival of the monsoon to aid kharif sowing, […]

It could help government to get closer to doubling farmers’ incomes by 2023

Let us start with some good news on the economic front. During the first year (2019-20) of the second term of the Narendra Modi government, gross value added (GVA) in agriculture and allied sectors registered a growth of 4 per cent. This is commendable, especially when juxtaposed with the growth of overall GVA of the economy at […]

Locust attack may be beneficial for agrochemical companies in India

MUMBAI: Locust attack in India has triggered concerns over the Indian agriculture sector in the financial year 2021, even as challenges to tackle covid-19 related issues stay. However, the pest attack is likely to create additional demand for agrochemical companies in India. Shares of Bayer Cropscience, UPL Ltd, Sumitomo Chemicals, Insecticides India, BASF, and Rallies […]

Why India needs to tread with caution on agricultural changes

Impact on small & marginal farmers and implications for food security & poverty important factors to bear in mind The changes proposed by the government raise important issues about the possible impact on the farming community. The proposed changes are fundamental and hence it may be useful to consider their possible impact. Since the fine […]

Economic stimulus package on Day 3 a repetition of budget: Experts

The third day of Union finance minister Nirmala Sitharaman’s announcements May 15, 2020, outlining what is supposed to be a Rs 20 lakh crore relief, was mostly a repackaging of her last Budget speech, a section of experts said. Sitharaman has spelt out deals for specific groups every day since Prime Minister Narendra Modi, during […]