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RBI says agriculture outlook for FY27 hinges on monsoon progress, distribution; El Nino poses risk

Culture New York Statesman ✦ xCruzo 🇺🇸🇪🇸
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RBI says agriculture outlook for FY27 hinges on monsoon progress, distribution; El Nino poses risk
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⏷ This article is from 2026-05-30 • More recent news →
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The Reserve Bank of India (RBI) cautions that India’s 2026-27 agricultural outlook depends on the progress and distribution of the south-west monsoon, with El Niño posing downside risks to farm output. The Annual Report 2025-26 notes ongoing weather risks but highlights gains from improved irrigation, technology, and policy support in Budget 2026-27, including crop diversification and wider adoption of digital tools. Plans also include Bharat-VISTAAR, a multilingual AI‑driven platform to aid agricultural resources. While El Niño could dampen prints, the RBI expects a partial offset from rain‑inducing Indian Ocean Dipole conditions later in the season. The report projects real GDP growth at 6.9% for 2026-27.

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