Agri Buzz: Larger sown area will boost kharif crop output says ADB

Asian Development Bank of ADB has stated in a latest update that favorable weather will likely boost growth in agriculture this fiscal year and next in India. With monsoon rainfall higher by 8% over the long-term average as on early September, the kharif (summer) season has an expanded sown area, above the average area in the past 5 years. Despite the delay in retreat of the monsoon leading to recent floods, the larger sown area will boost crop output, particularly for rice and pulses, likely above long-term average growth rates. The contribution of agriculture to GDP growth in FY2025 will thus be in line with April expectations.

Powered by Commodity Insights