Monsoon in India: IMD says country to get above-average rainfall in next two weeks

By: |
July 25, 2019 5:53 PM

Monsoon rains are crucial for India's farm output and economic growth as about 55% of the country's arable land is reliant on rainfall and agriculture forms about 15% of a $2.5 trillion economy.

Monsoon in India, IMD, above average rainfall, Monsoon 2019, Monsoon news, economy newsIndia has received 17% less rain than average since the monsoon season began on June 1. (IE)

India is likely to get above-average rainfall in the next two weeks after receiving below average rains in the past two weeks, a weather department official said on Thursday.

Monsoon rains are crucial for India’s farm output and economic growth as about 55% of the country’s arable land is reliant on rainfall and agriculture forms about 15% of a $2.5 trillion economy.

“In the next two weeks, we are likely to get above average rainfall, which will be well distributed across the country,” said an official with the India Meteorological Department.

India has received 17% less rain than average since the monsoon season began on June 1.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Nobel laureate Abhijit Vinayak Banerjee trashes theory of limited govt intervention to uplift poor
2India benefitted from globalization: Abhijit Vinayak Banerjee
3IMF sees Iran economy recovering this year but inflation still on the up