Agriculture sector records new business registration growth at 103% in FY21
The agriculture sector recorded the highest 103 per cent growth in new business registrations at 12,368 in FY2021, compared to 6,107 in the previous fiscal, according to a paper released by Dun & Bradstreet on Wednesday. The white paper on ‘Business Dynamism in India’ showed that the manufacturing sector witnessed 39,539 registrations in FY21 compared to 26,406 in FY20, a growth of 50 per cent.
In FY21, a total of 1,95,880 businesses were registered, which is a record high, it said.
“While the agriculture sector observed 12,368 registrations in FY21 compared to 6,107 in FY20, the services sector also fared well with the highest number of registrations at 83,079 in FY21 and witnessed a growth rate of 14 per cent,” the paper showed.
Food grain output to touch new record of 308.65 million tons in 2020-21, says government
India’s foodgrain production is estimated to rise 3.74 per cent to a new record of 308.65 million tonnes in the crop year 2020-21, on the better output of rice, wheat and pulses amid good monsoon rains last year, the agriculture ministry said on Wednesday. The record output is projected in rice, wheat, maize, pulses, and oilseeds, it added.
In the 2019-20 crop year (July-June), the country’s foodgrain output (comprising wheat, rice, pulses and coarse cereals) stood at a record 297.5 million tonnes.
Releasing the fourth advance estimate for the 2020-21 crop year, the agriculture ministry said foodgrain production is projected at a record 308.65 million tonnes.
India’s sugar exports touch 5.11 mn tonnes so far this year: AISTA
Sugar mills have exported 5.11 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September, with maximum shipments to Indonesia, trade body AISTA said on Thursday. About 2,02,521 tonnes of sugar is under loading. An additional 6,78,237 tonne of sugar is in transit for delivery to port-based refineries, it said.
Mills have contracted to export the entire 6 million tonne sugar quota assigned by the food ministry in January this year, All India Sugar Trade Association (AISTA) said in a statement.
An additional 8,00,000 tonnes of sugar has been contracted under the OGL (open general license) route without subsidy support.