Kharif crops sowing this season may exceed level of last year by reasonable margin: ICRA
Research firm ICRA in its latest report has said that kharif crops sowing this season may exceed the level of last year by a reasonable margin. It said aided by favourable monsoon, kharif sowing has been completed on 76 per cent of the normal sown area and is up by a rise of four per cent year-on-year as of July 2025. It noted that sown during the rainy season months of June and July, the kharif crops are mainly moong, rice and maize.
According to the report, the India Meteorological Department (IMD) forecast of above-normal rainfall during August and September augurs well for the continued sowing of kharif crops, and the replenishment of reservoirs will favour the sowing during the rabi season from October to March. India received above-normal rainfall during July 2025. The quantum of rainfall during the entire Southwest Monsoon season is estimated to exceed 106 per cent of the long period average (LPA).
ICRA estimates the gross value added (GVA) growth of agriculture, forestry and fishing during the first quarter of 2025-26 to be around 4.5 per cent. Also, it said growth in real rural wages increased to four per cent in May 2025 from zero levels in January 2025. This will help in boosting rural consumption demand.
