Monsoon 2015 Cover Area Economy Impact - Business Today
Business Today
Monsoon 2015
Rains rally crops in El Nino year, but relief seen short-lived

Weather forecasters are not convinced and have warned of severe dryness in the autumn months.

 
 
The Indian Meteorological Department (IMD) has revised its monsoon forecast for 2015 from below normal to deficit.
The agency has also downplayed the El-Nino factor, saying the chances of the phenomenon affecting rainfall were remote.
The agriculture sector posted two straight quarters of negative growth of 1.1 per cent each to March.

 
 
Belying predictions, the country has received 21 per cent more rainfall than normal for this time of the year, India Meteorological Department (IMD) said.
As per experts, a surprise rise in IIP and steady inflation data will, however, help the market.

Allaying fears of food prices going up due to deficient rains he said that there are adequate stocks available.

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