India Considers Hike in Minimum Support Price for Six Rabi Crops
The Indian government is set to consider a hike in the Minimum Support Price (MSP) of six Rabi crops, including wheat and others, ahead of the sowing season. The MSP revision will be for the Rabi Marketing Season 2027-28.
The MSP for these crops is fixed annually by the government to provide price support to farmers. For the previous Rabi Marketing Season 2026-27, the MSP was Rs 2,585 per quintal for wheat, Rs 2,150 for barley, Rs 5,875 for gram, Rs 7,000 for masur, Rs 6,200 for rapeseed-mustard and Rs 6,540 for safflower.
The Cabinet is also likely to consider the Green Energy Corridor-III, with an approximate outlay of Rs 54,000 crore for the period FY27-FY33. This scheme aims to strengthen transmission infrastructure for large-scale integration and evacuation of renewable energy into the grid.