Govt hopeful of ‘abundant harvest’ in the middle of food inflation headwinds

With India’s farm sector staying durable to irregular climate condition, the federal government is confident of having abundant food grain production even as it strives to keep a cover on food inflation ahead of basic elections in 2024. From floods to dry spells, severe weather condition occasions this year have not just raised worries over foodgrain production however likewise produced a synthetic supply scare that required the federal government to take a variety of pre-emptive steps, consisting of export curbs on specific products. The federal government subsidised the sale of a couple of products to enhance domestic supply and jail the sharp spikes in retail rates of wheat, rice, edible oils, pulses, tomato, and onion. While the efforts to manage food costs are still on, the federal government is carefully viewing the potential customers of rabi (winter season) crops, specifically wheat and pulses, which are planted now and will be prepared for harvest better to 2024 basic elections in April-May. Food inflation stayed at a raised level throughout the year after touching a low of 2.96 percent in May. In November, it stood at 8.7 percent. Agricultural crops are grown in 2 seasons– kharif (summertime) and rabi (winter season)– in between July 2023 and June 2024. Kharif crops have actually been gathered while rab
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