Following a sluggish onset in June, the southwest monsoon gained significant momentum, achieving surplus levels in July and further strengthening this surplus throughout August
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On a yearly basis, the sowing is about 2.15 per cent higher, according to the latest data from the Agriculture Ministry
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CareEdge Ratings expects the food inflation to average 6.9 per cent and 7.5 per cent in Q2FY25 and Q3FY25, respectively, before moderating to 5.3 per cent in Q4FY25
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The rating agency has pointed towards the issues in the labour market such as low levels of formalisation, high unemployment rates among educated youths and low levels of growth in the creation of salaried jobs.
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The report suggests ways to re-orient these policies and with better preparation. However, the key question for the government is whether they are ready to take these bold steps to transform the rural agriculture sector
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