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Wheat production is estimated to fall to 102.8 million tonne (mt) this season as unseasonal rains and hailstorms in March led to widespread crop losses, according to Agriwatch.
The next 15-20 days could decide how much wheat India is going to produce — but maybe not the course of food inflation.
The open market sales scheme (OMSS), under which the Centre sells foodgrain to keep prices down, the continuing export ban and likely higher production in 2022-23 (July-June) will increase wheat supplies, the FCI chairman said
In a research report, Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI, citing a study (Gupta et.all, NBER, Dec 2021) said in India innequality declined during the pandemic.
Kolkata, Jan 9: Notwithstanding India witnessing a sharp recovery post pandemic on most counts, critiques are still quoting a K-shaped recovery for India, according to Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India. According to Peter Atwatera, a lecturer at Virginia-based William and Mary University, who popularized the term, a “K-shaped recovery” could be described as “stacked inequity on one side and stacked privilege on the other. He said though it is true that the strong […]