Rural demand to remain muted even after record foodgrain output: Ind-Ra

May 27, 2021
Over 60 per cent population and nearly 50 per cent workforce depend on agriculture and allied activities.   -  PTI
Over 60 per cent population and nearly 50 per cent workforce depend on agriculture and allied activities.   -  PTI×
Impact of Covid second wave to be felt more through the loss of demand impulse: report
Record crop production is unlikely to push rural demand, a report by India Ratings & Research (Ind Ra) said on Thursday.
The government on May 25 estimated record foodgrain production of 30.54 crore tonnes during FY 2020-21. This is nearly 80 lakh tonnes higher than FY20. Also, agriculture and allied activities has been only sector in the economy registering growth during all three quarters of FY 21 and expected to do the same during fourth quarter (January-March).

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