Good weather news for the Indian economy – rainfall is likely to be normal during the June-to-September southwest monsoon season.
This would be the third consecutive year India will have a normal monsoon, with positive outcomes for the agribusiness sector.
Few westerners realise just how reliant India is on the monsoon. We know it is not a great time to travel there (I have, and the bumpy flights can be really challenging).
The next major assessment of the monsoon will take place around mid-May when everyone is hopeful it will hit Kerala in the south and make its way north.
The onset of the monsoon in June is the trigger for planting of rain-fed “Kharif crops”, which include rice, maize, sorghum, millet, various pulses, soyabean, oilseeds and cotton.
To show how important the monsoon is, India receives 70% of its annual rainfall in the four-month period, which in turn irrigates over half of its farm lands lacking assured irrigation.