Expectations from Budget 2025-26, announcement and its impact

01-Feb-2025 01:35 PM

Expectations from Budget 2025-26, announcement and its impact
Cotton
Expectation
★ Increase cotton production in the country so that import dependence ends.
★ India should benefit from the closure of the textile industry in Bangladesh. That is, the textile industry and readymade garments should get a boost in India.
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Announcement
★ The government is serious about increasing the production of cotton. Especially long staple cotton.
★ A 5-year special mission was announced to increase cotton production so that production can increase.
★ The government's focus is on increasing long staple cotton production. The textile industry will also be given assistance so that farmers get benefits.
★ If long staple cotton production increases, it will increase the availability of the textile industry.
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Impact on markets
★ If this scheme is implemented, cotton production will increase and the textile industry's dependence on imports will decrease.
★ A good increase is expected in the MSP of cotton in the upcoming Kharif season so that farmers increase production as much as possible.