Rains do swivel between normal, deficient and excess across years, but good rains in times of severe contraction in the economy are a big relief
A good kharif sowing season coupled with adequate monsoon rains has raised hopes that the rural economy would prop up consumer spending and incomes
The agrochemicals segment, however, should be able to offset some of the growth challenges
Among cash crops, cotton planting has risen by 11.29 per cent to 121.25 lakh hectares so far in the current kharif season
What has helped the performance in the quarter, especially in the domestic business, is the early kharif season which resulted in stocking up of products in the June quarter
Oilseeds like groundnut and soyabean and other crops led by cotton are largely sown in Kutch and Saurashtra regions of Gujarat
The monsoon rainfall recorded a timely onset and rains covered the entire country well ahead of the normal date
"About 6.42 million hectares area coverage under pulses as compared to 2.44 million hectares during the corresponding period of last year," the statement said
Area under oilseeds increased 525% over last year and the sowing of pulses rose by about 222%. The planting and sowing of paddy, the main crop of the kharif season, has been 35% higher than last year
The final of a two-part series looks at how farmers are hoping a good monsoon will help make up for lockdown disruptions and losses
The first of a two-part series looks at the problems cultivators are facing during the pandemic
In the first 19 days of the four-month monsoon season that started in June, out of 683 districts in the country, rainfall has been normal in almost 74% of them
As many as 23 swarms of locusts had entered India from Pakistan and experts said they were unlikely to move out before July-end.
Farmers question calculation method, say returns remain inadequate
The government also approved an equity scheme for MSMEs worth Rs 50,000 crore
The farmers would be paid Rs 10,000 per acre for paddy, corn and sugarcane crops, based on the registered and procured area for the kharif season
Analysts have cut earnings estimates due to labour and logistic issues in India, demand and price overhang in international business
In addition, West Bengal will also request the Reserve Bank of India (RBI) to increase the additional credit limit to MSMEs, to 30 per cent from the existing 10 per cent.
While farmers are likely to be hard-pressed for liquidity, other challenges include labour shortage and availability of seeds and agrochemicals
Labour shortages, transportation issues impede the movement from manufacturer to distributor and retailer