Farmers unable to get higher gains despite record output in FY17

Govt working to achieve better price realisation

by Janhavi Behere

Minister of agriculture Radha Mohan Singh has stated that despite record foodgrain production in FY17, farmers have not been getting the corresponding increase in remuneration. He has added that the government is sensitive to the need to strengthen the market dynamics and is working in this direction. The government’s approach includes diversifying agriculture towards growing of high-value crops, agroforestry, rearing of livestock, poultry and fisheries. It also includes creating accessible and efficient markets to ensure better price realisation to the farmers through a robust value supply chain. The minister said that food grain production in the country increased to 273 MT in FY17, oil seeds to 32.5 MT and sugarcane to 306 MT, as per the third advance estimates.

References
1. http://economictimes.indiatimes.com/news/economy/agriculture/gains-elude-farmers-despite-record-output-agriculture-minister-radha-mohan-singh/articleshow/59601010.cms
2. http://pib.nic.in/newsite/erelcontent.aspx?relid=167411
CMIE STATISTICS
Unemployment Rate
Per cent
4.4 -0.1
Consumer Sentiments Index
Base September-December 2015
94.5 +0.2
Consumer Expectations Index
Base September-December 2015
94.5 0.0
Current Economic Conditions Index
Base September-December 2015
94.6 +0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Sep 16 Dec 16 Mar 17 Jun 17
New projects 2.38 1.50 2.97 1.68
Completed projects 2.23 0.95 1.86 1.12
Stalled projects 0.65 1.01 0.35 2.50
Revived projects 0.91 0.18 0.62 0.29
Implementation stalled projects 0.38 0.82 0.33 0.67
Updated on: 19 Sep 2017 8:20PM
Quarterly Financials of Listed Companies
(% change) Sep 16 Dec 16 Mar 17 Jun 17
All listed Companies
 Income 2.1 6.2 10.3 10.2
 Expenses 1.9 6.4 11.9 10.5
 Net profit 14.6 40.3 17.0 -18.4
 PAT margin (%) 6.9 6.1 6.1 5.4
 Count of Cos. 4,500 4,502 4,419 4,191
Non-financial Companies
 Income 0.6 6.0 11.8 10.8
 Expenses -0.2 7.3 15.6 11.0
 Net profit 26.6 24.6 -1.9 -23.7
 PAT margin (%) 6.9 6.2 6.3 5.3
 Net fixed assets -9.2 7.6
 Current assets 8.1 2.2
 Current liabilities 11.6 8.6
 Borrowings 3.1 5.0
 Reserves & surplus 8.4 6.5
 Count of Cos. 3,481 3,487 3,431 3,276
Numbers are net of P&E
Updated on: 19 Sep 2017 8:30PM
Annual Financials of All Companies
(% change) FY13 FY14 FY15 FY16
All Companies
 Income 12.6 10.0 5.0 1.0
 Expenses 12.8 9.8 5.1 1.2
 Net profit 1.0 -2.3 1.3 -15.3
 PAT margin (%) 3.5 3.2 3.2 3.0
 Assets 14.3 12.3 9.4 8.8
 Net worth 9.6 9.6 8.8 7.6
 RONW (%) 6.8 6.2 6.1 5.3
 Count of Cos. 25,765 23,387 22,783 18,995
Non-financial Companies
 Income 11.9 9.7 4.1 0.0
 Expenses 12.3 9.3 4.3 -0.6
 Net profit -8.4 -2.6 -6.0 6.1
 PAT margin (%) 2.4 2.2 2.1 2.7
 Net fixed assets 12.9 11.6 13.1 13.9
 Net worth 7.9 8.2 7.3 6.9
 RONW (%) 5.5 5.1 4.9 5.6
 Debt / Equity (times) 1.1 1.1 1.1 1.0
 Interest cover (times) 2.1 2.0 1.9 2.0
 Net working capital cycle (days) 72 69 67 67
 Count of Cos. 20,150 18,670 18,284 15,583
Numbers are net of P&E
Updated on: 04 Sep 2017 1:48PM

Time-series available since 2007-08

Growth dropped to 5-quarter low during Q1 2017-18