With a beneficial monsoon this 12 months, the agriculture sector has drawn the silver linings on the darkish clouds of India’s extreme financial stress. After a bumper rabi harvest, the acreage of the Kharif crops has skyrocketed to a lifetime excessive within the present 12 months. The realm sown for Kharif crops surged 7.2 per cent in solely a 12 months to 108.2 million hectares by 28 August 2020, in accordance with the Centre for Monitoring Indian Economic system. The realm sown this Kharif season is greater by virtually two million hectares, in comparison with the traditional acreage for the Kharif season, which is 106.6 million hectares. On high of it, the sown space is prone to rise additional by 2.5 to three.5 per cent this 12 months.
Good pre-monsoon rainfall; the traditional onset of monsoon and its speedy development over the nation; and general passable progress of rainfall throughout the monsoon season to this point contributed to the rise in space sown throughout this Kharif season, CMIE added. The acreage below all main pulses like arhar, inexperienced gram, and black gram has additionally crossed the traditional acreage for the season.
Whereas the development sector has halved within the first quarter and the manufacturing sector has nosedived amid the nationwide lockdown, the agriculture sector remained virtually unaffected from the curse of the pandemic. The farm sector recorded a development of three.four per cent towards the general GDP contraction of 23.9 per cent in Q1 FY21.
In the meantime, the sharp enlargement in acreage throughout most main crops and the sturdy revival in monsoon in August point out a bumper harvest this season. Nevertheless, continued heavy rains pose a risk to the Kharif crop. Rainfall at over 40 per cent above the lengthy interval common (LPA) was recorded throughout week-ended August 19 and week-ended 26 August, CMIE underlined. Additionally, the rising circumstances of coronavirus in rural areas additionally pose danger to the flourishing farm sector.