Sectoral Equity Indices & Market Analysis
15
index Based to 100
Classification - Restricted
Rural India is seeing signs of improvement with high crop prices, rising MSP and lower MGNREGA demand.... Low acreage in some
crops could lead to better realisation going forward.
20
Demand for work continues to remain low under MGNREGA
10
0
-10
-20
-30
-40
سلار
Aug-22
Sep-22
-50
Growth (y-o-y) [RHS]
Jul-22
50
45-
40
35
30
25
20-
15-
10
5
In
Million
Apr-22
May-22
Jun-22
Demand (Number of person)
Sources: Government of India: and RBI staff estimates.
Confidential/Restricted
Increase in prices of Agri commodities may lead
to rise in Rual income which inturn could boost
MSP
MSP
500¬
450
First advance estimates of
crop production
15
10
Crops
RMS
RMS
% Change
400-
150 rural demand
2022-23
2023-24
140
130
Wheat
2015
2125
5.46%
Million Tonnes
350-
300-
250
200
in
150-
127
Barley
1635
1735 6.12%
100-
-10
120
110
100
50-
110
Gram
5230
5335
2.01%
0+
108
Rice
102
101
Lentil (Masur)
5500
6000
9.09%
93
90
Jan
Rapeseed & Mustard
5050
5450
7.92%
Coarse cereals
Pulses ⚫
-15
Oilseeds
Cotton
Sugarcane
Jute & Mesta
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Basmati rice
Wheat
Oil Seeds
Pulses
Sugar
Safflower
5441
5650
3.84%
Raw Cotton
Source: eaindustry.nic.in
Source: Govt of India
■Production
●Growth over 1st AE of 2021-22 (RHS)
•Growth over 4th AE of 2021-22 (RHS)
Source: Ministry of Agriculture and Farmers' Welfare (MOAFW).
Per cent
February 2020-100
250¬
200-
150-
100-
50-
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Tractor sales
Three wheelers sales
Key rural consumption items showing traction
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
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Classification - Restricted
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Aug-22
Sep-22
Two wheelers sales
Motorcycle sales
Source: SIAM,TMA & RBI STAFF ESTIMATES
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