Farm prospects in India are unlikely to improve in 2016As per reports indicated by economic policy think-tank NCAER that Indian farmers had a difficult year in 2015 and their prospects are unlikely to improve in 2016 too. The research policy institute described that according to its estimate growth in agriculture and allied sector in the second quarter of FY 2015-16 is likely to be 2.2 percent, as compared to 1.9 percent in the first quarter. Commenting on the report, the Economic and Statistical Adviser in the Ministry of Agriculture, Ms Sangeeta Verma, told   that the Government is taking the challenges facing the agricultural sector, particularly farmers, very seriously. It has initiated strict measures to tackle these challenges.

According to data indicated in the NCAER report that wheat production in marketing year 2016-17 is expected to be lower at 85 million tons as compared to the already poor 2015 production of 88.9 million tons due to poor weather, and wheat exports are likely to remain negligible. Further, in the 2015-16 Rabi rice production is expected to be somewhat lower than the 2014-15 production due to poor post-monsoon rains and lower water levels in reservoirs, the report said.

In the report, it has also been highlighted that Rabi rice exports have forecast to decline to 9.0 million tonnes from 11.8 million tons inShanti Agro Industries Pvt. Ltd. marketing year 2014-15 and further, it has been noted that external factors continue to remain less conducive to Indian agricultural exports this year as was the case in last year.

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