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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India’s textile and garments exports to the US declined 28.7% in February 2026 Why India’s ₹5 pack won’t disappear, but getting smaller West Asia conflict: LPG usage at 21-month low in March E-way bill generation surged all time high of over 14 crore in March Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact Air India at critical stage of transformation: Tata Sons Chairman FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season Govt proposes overhaul of company incorporation rules to cut paperwork, enable risk-based checks HAL delivers 4 helicopters to Coast Guard Charter services operators urge review of ATF pricing Structural gaps affect growth of India’s high-value horticulture sector: Report Rubio set to visit India in May to discuss trade, tariffs, defence, Quad DGFT rolls out procedure for allocation of calcined coke Qatar vows to remain reliable energy supplier to India amid West Asia tensions Gadkari bats for 100% land acquisition before approving NH projects India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief Sumeet SSG partners Pinnacle Industries to strengthen Maharashtra’s EMS fleet Consumer durables growth muted as demand slows, margins shrink: HDFC Securities March 2026 was the fourth-warmest month on record, says European weather agency India relaxes rice exports norms to some European countries Unseasonal rains damage rabi crops on 2.49 lakh ha, wheat most affected: Agri Minister ADB projects 6.9% growth rate for current fiscal, 70 bps lower than FY26 India-UK FTA likely by May 1; EU trade deal expected by year-end Dubai limits foreign flights until May 31, letters show, hitting Indian airlines hardest India in talks with 20 more countries to open market access: Piyush Goyal ADB ups India's FY27 growth projections to 6.9% Iran control of Strait of Hormuz in focus as tanker turns back, Trump raises concerns India mulls creating 30-day LPG strategic reserve Fire at Mumbai airport terminal delays flights Lesson from West Asia conflict is to factor-in adverse scenarios while framing policies: Oil Secretary Maharashtra government expands agricultural oversight structure Surging Raw Material Costs Hit PVC and Packaging Industries Hard Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% Milky Mist beats FY26 targets, IPO on track, says CEO Delegation to visit Washington as India, US look to revive trade deal talks Only 10% of Indian key reservoirs are filled over 80% IMF warns of deepening global food crisis as fertilizer prices surge Yara India to ramp up digital strategy to strengthen retailer connectivity War-induced risks cushioned by ample buffer for India: World Bank DGS issues direct pass-through of port concessions to exporters amid West Asia crisis Israel allows import of Indian okra seeds, wants virus-free declaration India now seen as ‘safe anchor’, offers stability, predictability and prospects: Shaktikanta Das CropLife asks farmers to tap zaid season window after rabi loss and below normal monsoon ahead Indian trade delegation to visit Washington this month Construction equipment sales fall 13 per cent in FY26 on project delays, weak execution: FADA El Niño threat puts brakes on FY27 auto growth as rural demand risks rise Indian govt hikes NBS fertilizer rates for kharif season by up to 21% to ₹41,533.81 crore
Indian govt says crops in 111 districts are most vulnerable to monsoon deficit
Prabhudatta Mishra · 2026-06-23 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Agriculture Minister Shivraj Singh Chauhan reviewed crop sowing progress and rainfall in different parts with officials from the agriculture ministry, ICAR, the Rural Development Ministry and the India Meteorological Department

Agriculture Minister Shivraj Singh Chauhan reviewed crop sowing progress and rainfall in different parts with officials from the agriculture ministry, ICAR, the Rural Development Ministry and the India Meteorological Department | Photo Credit: x.com/ChouhanShivraj

Preparing for a potential super El Nino in 2026, the Indian government has identified 111 districts highly vulnerable to crop damage due to low irrigation and high risks of rain shortages. This looming weather pattern threatens to cut agricultural output and drive up inflation.

Agriculture Minister Shivraj Singh Chouhan on Tuesday said that weak monsoon conditions were likely to persist until July 2 and cautioned that kharif crops could be impacted. He took a review of crop sowing progress and rainfall in different parts with officials from the agriculture ministry, ICAR, Rural Development Ministry and India Meteorological Department (IMD).

Around 315 districts have been identified as potentially affected by weak monsoon conditions. Out of these, there are 111 districts (including 22 in Maharashtra and 10 in Chhattisgarh) which are classified as ‘most’ vulnerable as they have an irrigation coverage of less than 25 per cent of their cultivable land, the Ministry said in a statement.

Contingency plans

“Another 76 districts fall under the medium-priority category with irrigation coverage between 25 and 50 per cent, while 128 districts have been classified as low priority owing to relatively better irrigation facilities through dams and other sources,” it said. The Ministry has drawn up state-wise contingency plans recommending alternative crops suited to deficient rainfall conditions.

Madhya Pradesh, Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh, Rajasthan, Karnataka, Bihar, Jharkhand, Telangana, Andhra Pradesh and Odisha have been directed to promote pulses, oilseeds and coarse cereals that require less water, and to encourage short-duration and climate-resilient seed varieties rather than dependence on a single crop.

“There is a gap in rainfall. We need to suggest to farmers to go for alternative crops. We will not let farm fields remain empty,” Chouhan said, adding availability of seeds and fertilisers is adequate for the kharif season. The ministry has set up an El Nino Monitoring Cell, while its Crop Weather Watch Group is also tracking real-time information and issuing advisories regularly.

‘Plant alternative crops’

The Indian Council of Agricultural Research (ICAR) has prepared comprehensive guidelines for the States to work with farmers at different stages of the monsoon season based on rainfall deficit and sowing pattern.

“When monsoon onset is delayed by one to two weeks, farmers need to continue with normal crops using short-duration varieties. Suitable technologies like seed treatment, increased seed rate, closer spacing and ridge-and-furrow planting techniques should be encouraged,” said a senior ICAR scientist. If delays extend to 2-4 weeks, drought-tolerant crop alternatives such as millets, green gram (moong), black gram (urad), cowpea (huar), and sesame should be planted, he said.

“In cases where monsoon delay exceeds four weeks, emphasis should shift towards cultivation of millets, pulses, and fodder crops,” he said.

On possibilities of mid-season drought (when crops are established but rainfall suddenly ceases), ICAR has advised KVKs to promote moisture conservation practices such as inter-cultivation, mulching, earthing-up, and dust mulching, foliar sprays of nutrients, which help alleviate moisture stress. Wherever possible, life-saving irrigation should be provided using farm ponds and community reservoirs.

Normal rain in 6 States

Meanwhile, the all-India seasonal rainfall deficit between June 1 and June 23 was recorded at 42 per cent as against 43 per cent as on June 22. Currently, the east and north-east meteorological subdivision has a 40 per cent deficit, the north west 19 per cent below normal, central India 64 per cent less rainfall and the southern peninsula 26 per cent lower than normal.

There are 6 States and 4 Union Territories which have received either normal or more rainfall, whereas as many as 22 states and 4 union territories have received below normal rain during June 1-23, IMD data show.

Published on June 23, 2026