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Kharif crop sowing has risen by 1.5% compared to last year, indicating a positive trend in agricultural activity.
The Southwest monsoon has been beneficial, with an 8% surplus over the long-term average, leading to improved crop prospects.
By late September, reservoir levels were at 87% capacity, which is higher than last year in most regions, supporting irrigation and crop growth.
With increased crop sowing and favorable conditions, food inflation is expected to decrease, benefiting consumers.
The improved agricultural performance is anticipated to boost rural demand in the second half of 2024-25 as farmers gain better income.
The good monsoon has allowed farmers to diversify their crops, which may enhance the gross value addition (GVA) in the agriculture sector.
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