Icra Ratings

Kharif production likely to drop 3 to 5 per cent this year

Delayed onset of monsoon has already led to a sharp 6.4 per cent decline in paddy sowing as on August 22.

Some companies like Schaeffler India have mentioned the impact of this in their recent quarterly calls, she pointed out.

Overall debt for the sector will come down to Rs 4.3 trillion in end FY20 from Rs 4.75 trillion expected in March 2019, report said.

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