Business Today

The rain Gods have delivered

Here’s some good news.

Print Edition: October 19, 2008

Here’s some good news. The Southwest Monsoons, which account for 80 per cent of annual rainfall in India, are within the normal range.

For the week ended September 24, the India Meteorological Department (IMD) recorded 48.7 mm (1.9 inches) of rainfall, which is higher than the 50-year average of 35.7 mm for the same period. This is expected to result in:

• Lower food prices and infl ation
• Higher rural incomes

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