Tanmay Deepak News Today

Experts predict a potential surge in inflation to 6% over the next three months due to recent heavy rains and hailstorms in Maharashtra, Gujarat, west Madhya Pradesh, and parts of Rajasthan. Crop damage, particularly for pulses and onions, may elevate food inflation. The unseasonal weather severely affected crops, causing notable damage to tur and onion yields. This, coupled with low reservoir levels impacting crop outcomes, may persistently affect prices, especially for pulses, amid concerns ab...

Experts have warned that heavy rains in the first few days of September will not be enough to mitigate the damage caused by scanty rains in August. Crops such as soya bean, sugarcane, moong, and urad are expected to have poor yields, leading to price increases and food inflation. The area under pulses cultivation has also decreased due to rainfall deficiency.