Does Indian Foodgrain Forget Monsoon?

Major Findings from PHDCCI Report

• Traditional Perception: Poor Rainfall leads to a decline in the food grain production.
• Recent Findings (2012 13 to 2022 23): With respect to foodgrain production, the “moderately positive” associations between rainfall and foodgrain outputs are only correlation.
• More Strongly Influencing Factors
  • Prices (WPI Food Articles)
  • Electricity Consumption
  • Fertilizer Availability
  • Irrigation Coverage
  • Weaker Influence
  • Warehousing Capacity

So what are the Implications & Policy Recommendations

• Reduced Monsoon Dependence
  • The agriculture sector morphed into modern infrastructure and input availability in India.
• Proposed actions
  • Science led farming
  • Increased private sector participation
  • Liberalized markets

India’s Innovating Food Processing Hub

• Market Growth Projections
  • $307 billion (2023) → $700 billion (2030)
  • $1100 billion (2035) → $2150 billion (2047)

Agriculture & Government Initiatives

• PM KISAN
  • The PM KISAN 19th upon sometime this February 24 in Bihar by PM Narendra Modi.
  • To Transfer: ₹22,000 crore, by which 98 million farmers will be credited.

Farmer Protests & Talks on MSP

• Next to Assemble: New round of talks of Govt and farmer unions in Chandigarh.
• Most Important Demand: Legal guarantee on Minimum Support Price (MSP).
• Farmers’ Demand: Government denied the meeting in Delhi.

Agriculture vs. Economic Performance: Top-Ranked States

(Based on Agri GSDP Growth & Overall Economic Growth, FY22-FY23)