BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICRA Research Report
The Government has hiked the minimum support price of kharif crops for marketing season FY2022, with a view to ensuring remunerative prices to the farmers for their produce.
Third advance estimated released recently indicate that food grain production is estimated to have increased by 2.7% to a new record of 305.43 million tonne in FY2021.
Enhanced outlay by Government towards MSP procurement has remained key in ensuring stable crop realisations and supporting farm cash flows.
Tractor sales remained robust in FY2021 with the industry touching all-time high of ~9 Lakh domestic industry volumes.
Even as spread of pandemic to rural area remains a concern, industry volumes are expected to remain healthy, aided by healthy rural cash flows.
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