Poor rains won’t mean sensex drought

While the IMD has forecast below-normal rains this year — 93% of the long period average (LPA) — a poor monsoon seldom has any impact on the stock market. returns from the Sensex have been 30-80% in years of poor rains.

Written by Guest

Updated: May 5, 2015 02:11 IST

While the IMD has forecast below-normal rains this year — 93% of the long period average (LPA) — a poor monsoon seldom has any impact on the stock market. returns from the Sensex have been 30-80% in years of poor rains. The farm sector’s contribution to overall GDP has fallen. Of the 69% rural population and 58% households engaged in agriculture, only 40% depend on farming as the principal income source.