-The Hindu Business Line Third estimates peg total foodgrain output at 283.3 mt despite below-par monsoon rain Rice and wheat production in the country scaled new heights taking total foodgrain output in 2018-19 to 283.37 million tonnes (mt), a tad lower than the 285 mt foodgrains produced in the previous year, according to the third advance foodgrain estimates released by the Agriculture Ministry on Monday. Despite a below-par monsoon, rice output was projected...
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Economic growth may have slipped below 7% in FY19, lowest in 5 years: ET Poll - Kirtika Suneja
-The Economic Times January-March quarter growth may have slumped to 6-6.3% against 6.6% expansion in the preceding one. NEW DELHI: India’s economic growth is likely to have slipped below 7% in FY19, the lowest in the past five years, because of a disappointing fourth quarter. That could prompt a further cut in interest rates by the central bank and renewed efforts by the incoming government to drum up demand and private investment,...
More »Growth in Agri GVA deflator saw a rising trend between 2005-06 & 2009-10, despite using different sources of back-series data
The year-on-year (y-o-y) growth rate in Agri Gross Value Added (GVA) deflator (an alternative measure of inflation) shows a rising trend between 2005-06 and 2009-10. In other words, price rise pertaining to the agrarian sector accelerated during the period under discussion. This particular trend has been observed irrespective of whether one uses the GVA/GDP back-series data (Base 2011-12=100) that was computed by the National Institution for Transforming India Aayog (NITI Aayog)...
More »Number crunching helps farmers manage water -Manu Moudgil
-IndiaWaterPortal.org Calculating water availability and crop budgeting can prevent over-extraction of groundwater and mounting farm debt. At 42 years, Bhagwat Ghagare seems young. But he is old enough to have seen his village prosper and decline many times. Farming had traditionally been small and distress migration rampant at Kumbharwadi in Ahmednagar district of Maharashtra. Between 1998 and 2002, a non-profit organisation, Watershed Organisation Trust (WOTR), initiated a work related to rainwater harvesting...
More »Growth in Agri GVA deflator shows a declining trend in comparison to growth in other sectoral GVA deflators
Recent studies and media reports have confirmed that Indian farmers are facing non-remunerative and sometimes falling prices. A past news alert by the Inclusive Media for Change team indicated deflation in wholesale prices of 8 kharif crops (viz. maize, arhar, moong, urad, groundnut, soybean, sunflower seed and Niger seed) on average between 2016-17 and 2018-19. Based on data analysis, that news alert also demonstrated how the rural areas have witnessed...
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