After two successive bad monsoons, the announcement by the India Meteorological Department (IMD) of an above-normal monsoon—106% of the long period average (LPA)—should help revive the farm economy. The IMD has talked about an even spread across the 36 meteorological divisions in the country. However, while that’s a good sign, water levels in major reservoirs across the country are at their lowest in years. The current storage position is 67% of last year’s storage and 77% of the average of the last 10 years. A rise in rural income, as a result of the expected good rainfall, should provide a much-needed fillip to the economy.