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Pulses and edible oils likely to get boost in 2026-27 union Budget

Joymala Bagchi, New Delhi, Jan 12 (UNI): With assembly elections scheduled this year in four predominantly agrarian states, the focus of the union Budget 2026-27 is likely to be on agriculture and rural development. According to sources, as the first step in this election oriented planning, union Minister for Rural Development and Agriculture, Shivraj Singh Chouhan, held an important meeting last month. The meeting attended by agricultural economists, policy planning experts, and representatives from various farmers’ organisations centered on the current state of agricultural production in the country, the increasing dependence on imports, and creating a roadmap for areas which should receive attention in the upcoming budget to directly benefit farmers.

Central India's Premier English Daily

Central India's Premier English Daily

Credit: Centralchronicle

Key Highlights

  • According to sources, the discussion primarily revolved around identifying the sectors where the government is under pressure and in which sectors, if addressed, would yield economic advantages.
  • Agricultural economists at the meeting expressed concern over the mere 3.5 per cent nominal GDP growth in the agricultural sector.
  • According to them, despite increased agricultural production, the GDP figures indicate that farmers are not receiving fair prices or profits, sources told UNI.
  • The issue of pulses and edible oils received particular attention at the meeting.
  • The reality is that India imports approximately 16 million tons of edible oil annually, which accounts for about 57 per cent of the country’s total demand.
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Sources

  1. Pulses and edible oils likely to get boost in 2026-27 union Budget

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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