The Covid-19 pandemic has cast a pall of gloom on India's economic growth this fiscal, throwing the economy into a contraction. While corporate India is in a spot of bother, agriculture and allied industries have shone bright. With around 50% of India's population involved in agriculture activities, farming income plays a crucial role in driving consumption.
Farmers have already reaped a bumper rabi harvest and the Indian Meteorological Department's forecast of another normal monsoon this year bodes well for the upcoming kharif season as well.
On this backdrop, CRISIL will provide an outlook on farmers income from the ongoing Kharif season, leveraging its coverage of over 25 field and horticulture crops. Cultivation income plays a crucial role in driving demand for agri input industry and many other consumption linked sectors. We will also provide an outlook on input industries such as fertilisers, pesticides and farm equipment.
Given this, CRISIL is organising a webinar, 'Silver lining in the dark clouds' on August 20, 2020, where our experts will offer insights on:
Rainfall status across states and CRISIL's proprietary Deficient Rainfall Impact Parameter (DRIP) score to assess state- and crop-level impact
Expected trends in crop acreage and productivity in the kharif season
CRISIL's view on agri commodity prices
Anticipated profit per hectare for farmers from field crops and horticulture crops in kharif season 2020
Regional profitability dynamics for field and horticulture crops to identify incremental opportunities
Impact of Covid-19 pandemic on the farm inputs, including equipment, sectors
Status of government schemes and their likely impact
Impact of Atmanirbhar Bharat scheme
The webinar will have a presentation by CRISIL, followed by a panel discussion with senior leaders from the sector and a Q&A session.
