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India has set a lower foodgrain production target of 373.93 million tonnes for 2026-27 amid concerns over El Niño and monsoon rainfall.
India has set a lower foodgrain production target of 373.93 million tonnes for 2026-27 amid concerns over El Niño and monsoon rainfall.
Despite delays in kharif sowing due to uneven monsoon, the RBI believes food inflation will remain under control because of ample foodgrain stocks and improving supply conditions. Highlights The Reserve Bank of India (RBI) has said that delays in kharif crop sowing caused by the uneven progress of the southwest...
A 25-year JM Financial study shows that El Niño years usually weaken rainfall, farm output and tractor demand in India. However, two-wheeler sales, FMCG volumes and consumer credit often remain comparatively resilient. Highlights El Niño conditions have historically affected India’s agriculture, rural economy and inflation, according to a 25-year study...
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