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Pulse Estimates Flop: India Faces Inflation Woes
19 Nov
Summary
- Inaccurate pulse production forecasts led to inflation and import reliance.
- Farmers' incomes were hurt by excessive imports and price volatility.
- India aims for pulse self-sufficiency with a ₹11,440-crore mission.
Concerns are rising as India's agriculture ministry prepares to release its latest pulse production estimates for the 2025-26 kharif season, following two years of significantly inaccurate forecasts. These past forecasting missteps contributed to prolonged double-digit inflation in pulses throughout 2023 and 2024, as the government delayed crucial decisions on import duties and procurement.
The vagaries of weather significantly impacted domestic pulse production in recent years. When harvests fell short, a delayed signal to reduce import duties meant imports reached record highs, undermining India's push for self-sufficiency in this essential protein source. The fluctuating estimates, such as those for chana and other kharif pulses, hampered timely interventions.
