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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
India’s foodgrain production up 5% in 2025-26 crop year
By BL New Delhi Bureau · 2026-05-27 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Experts see the robust production in 2025-26 to help the country navigate any drop in current year amid projection of below-normal monsoon

Experts see the robust production in 2025-26 to help the country navigate any drop in current year amid projection of below-normal monsoon | Photo Credit: JEREMYRICHARDS

India’s foodgrain production in the 2025-26 crop year (CY) ending June is estimated to have increased by over 5 per cent, with rice production touching a new high. Rice production is expected to be over 154 million tonnes (mt), making India the top global producer. The government released the production estimates – third advance estimate of crops grown all three seasons – kharif, rabi and summer (zaid) – for 2025-26 CY in which wheat production was raised marginally, while cotton output was lowered.

Experts see the robust production in 2025-26 to help the country navigate any drop in current year amid projection of below-normal monsoon, which has missed the onset forecast date of May 26, and the emergence of drought-bearing El Nino.

Wheat production, which was pegged at 120.21 mt in the previous estimate, is now projected at 120.66 mt, notwithstanding localised damage caused due to unseasonal rains and hailstorms. According to the government’s third advance estimates, the current projection of wheat production is higher by 2.3 per cent from 117.94 mt in 2024-25. It is a record high.

‘Record-breaking’ output

However, in case of cotton, the Agriculture Ministry has estimated its production in 2025-26 at 29.02 million bales ( of 170 kg), down by 2.4 per cent from 29.72 million bales in 2024-25. In the previous estimate, the government had projected cotton output at 29.09 million bales for 2025-26.

Releasing the estimates, Agriculture Minister Shivraj Singh Chouhan said in a statement: “Under the leadership of Prime Minister Narendra Modi, the government is continuously working towards the prosperity of farmers and the development of the agricultural sector. These efforts are now manifesting in the form of record-breaking production.”

The government is working relentlessly to strengthen agriculture and enhance the well-being of farmers. This sustained effort is the very reason behind the continuous improvement being witnessed in agricultural production, he said.

The third advance estimates indicate that the production status of foodgrains, major cereals, oilseeds, and commercial crops in the country remains robust, with record-level estimates projected for several crops. He said that the agricultural research conducted by the Indian Council of Agricultural Research (ICAR) and its associated institutes has also played a pivotal role in the higher production of these major crops.

Nutri-cereals down

“These efforts (of ICAR) encompass the development of climate-resilient crop varieties, rain-fed production technologies, and the dissemination of research findings to the field level. Under the ‘Viksit Krishi Sankalp Abhiyan’ (Developed Agriculture Pledge Campaign) launched last year, the agricultural sector across the country was further strengthened,” he said.

As per the latest release, rice production is pegged at 154.02 mt, up by 2.6 per cent from 150.18 mt in 2024-2. In the foodgrains category, though there is a drop in production of nutri cereals (Shree Anna), but the output of pulses and maize is higher.

Pulses production is seen at 27.41 mt, up by 6.7 per cent from 25.68 mt. Tur (pigeon peas) production is estimated at 3.59 mt (against 3.62 mt), gram (chana) is pegged at 12.51 mt (11.11 mt) and lentil (masur) at 1.76 mt (1.65 mt). Maize production for the first time crossed 50 mt mark and the government has pegged it at 55.09 mt, up 27 per cent from 43.41 mt.

But, nutri cereals (millets, jowar, ragi) production has dipped 5.4 per cent to 17.58 mt from 18.59 mt.

Oilseeds production has been pegged a tad higher at 43.06 mt from 42.99 mt as soyabean output dipped to 12.6 mt from 15.27 mt. On the other hand, mustard production is seen to be at record 13.77 mt from 12.67 mt.

Published on May 27, 2026