Robust 11.3% surge in Kharif sowing bodes well for inflation outlook

"Kharif sowing is off to a good start (+11.3 percent YoY) led by rice (47.3 per cent YoY) and pulses (37.2 per cent YoY) which bodes well for food inflation outlook this year"

- TDG NETWORK

Kharif sowing in India is off to a strong start this year, recording an 11.3 per cent year-on-year (YoY) increase and it bodes well for the food inflation outlook for the year, according to a recent report by ICICI Bank.

The growth has been largely driven by a significant rise in rice sowing, which is up 47.3 per cent YoY, and pulses, which have seen a 37.2 per cent YoY jump.