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Business News�:India's economy is growing along with the rest of the world, but the situation on the inflation front is a bit worrying. The State Bank of India has expressed concern about inflation in its August report. The report says that the country is moving ahead in terms of economic development. The economy is growing as compared to the quarter, but inflation of food and essential commodities is rising.
DearnessIn terms of inflation, India is second after Russia along with South Africa. In future also, the situation of inflation will depend on monsoon rains. The matter of concern is that so far some states have received good rains while some states have received much less than normal. Kharif sowing was good The report shows that this time Kharif sowing has been good across the country. Compared to last year, the area of ​​sowing of Kharif fruits has increased by about three percent. Last year, in the Kharif season, paddy, sugarcane, millet, cotton, pulses, jute and other crops were sown in 879.2 lakh hectares, which has increased to 904.6 lakh hectares this time. Get a loan of up to ₹ 10 lakh instantly from home! Enter mobile numberCheck offer In this way, the area has increased by about 2.9 percent, but how will the yield be? This will largely depend on rainfall, because in agriculturally dominated states like Haryana and Punjab, rainfall has been less than normal compared to last year, which may affect the production.

However, there are still two to two and a half months of monsoon left. If the rain remains good, the yield will improve, which will help in controlling inflation. Crop area decreased in some states From the future point of view, the area of ​​sowing of crops has decreased in some states in Kharif sowing. Till August 2, the area of ​​sowing of jute has decreased by more than nine percent in West Bengal, Bihar, Odisha, Assam and Andhra Pradesh. On the other hand, Maharashtra, Gujarat, Telangana, Rajasthan
�Rajasthan�And in Karnataka, a decrease of more than eight per cent in cotton acreage has been recorded. Calling status of Kharif crops across the country Crop State 2024 2023 Change in percentage Paddy Telangana, UP, Bengal, Punjab and Odisha 276.9 263.0 5.3 Oil crops Rajasthan, MP, Gujarat, Maharashtra and UP 179.7 174.5 3.0 Pulses Maharashtra, Madhya Pradesh, Rajasthan, UP, Karnataka 110.6 99.7 10.9 Millets and coarse grains UP, MP, Punjab, Bihar and Rajasthan 165.6 160.4 3.2 Sugarcane UP, Maharashtra, Karnataka, Tamil Nadu, Gujarat 57.7 57.1 1.0 Jute West Bengal, Bihar, Odisha, Assam, Andhra Pradesh 5.7 6.3-9.5 Cotton Gujarat, Maharashtra, Telangana, Rajasthan, Karnataka 108.4 118.2- 8.3 Total 904.6 879.2 2.9 Rainfall situation in major states against normal till July State June-July 2023 June-July 2024(in percentage) Uttar Pradesh- 16- 15 Bihar- 48- 36 Gujarat 76 23 Andhra Pradesh 4 43 Haryana 56-43 Punjab 38- 45 Uttarakhand 19- 4 Inflation situation in other countries of the world Russia 8.5 South Africa 5.1 India 5.1 Mexico 5.0 Brazil 4.2 Australia 3.8 America 3.0 Japan 2.8 Italy 1.3 China 0.2 Note Country Inflation (price hike) in percentage