Govt frontloads farm spending as El Nino risks cloud rural outlook
The Indian government front-loaded farm spending to mitigate risks from El Nino and a weak monsoon, spending over ₹29,593 crore in Q1 FY27. This amount exceeds 21% of its annual agriculture budget of ₹1.41 trillion, more than double last year's spending during the same period. This strategy aims to support rural incomes and consumption amid adverse weather conditions.