Foodgrain production is expected to increase by 2.2 per cent in FY09, the Centre for Monitoring Indian Economy (CMIE) has said in its monthly review here.
CMIE expects foodgrain production to reach 234 million tonnes as compared to 230 million tonnes during FY08, an increase of 2.2 per cent.
Kharif acreage was down by 2.4 per cent in 2008 due to the absence of rain in the crucial sowing month of July. But increased acreage and favourable weather conditions are expected to boost rabi production, the CMIE report said.
Despite expectations of higher foodgrain output, "Our projection for growth in total crop production during FY09 stands revised downwards to 1.2 per cent from our earlier estimate of 2.5 per cent," it said.
The scaling down of the growth rate was due to an upward revision in the government's final crop production figures for FY08 and also on account of "our downward revision in production estimates of some non-food crops in FY09", it added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
