Economy

Monsoon rains cover entire India, ahead of schedule

Updated : June 29, 2018 09:53 PM IST

June-September monsoon delivers about 70% of India's annual rainfall and are the lifeblood of its $2.5 trillion economy.

Monsoon rainfall was 4% lower than normal so far in June, but in some states such as western Gujarat the rainfall deficit was as high as 60%.

India's monsoon has covered the entire country, the weather office said on Friday, more than a fortnight ahead of the normal schedule in a year that is forecast to see average rains.

The revival of monsoon rains in the grain bowl of northwest and central regions should help speed up the sowing of main summer crops such as rice, corn, soybeans and cotton.

June-September monsoon delivers about 70% of India's annual rainfall and are the lifeblood of its $2.5 trillion economy, spurring farm output and boosting rural spending on items ranging from gold to cars, motorcycles and refrigerators.

Monsoon rainfall was 4% lower than normal so far in June, but in some states such as western Gujarat the rainfall deficit was as high as 60%, data compiled by the state-run India Meteorological Department (IMD) showed.

India, where only half of the farmland is irrigated, is likely to get 97% rainfall of a long-term average in the June-September monsoon season, IMD forecast last month.

Monsoon rains cover entire India, ahead of schedule

You May Also Like

Bihar Election October 28 Highlights: 52.24% turnout till 5 PM in 1st phase of assembly polls

SBI inks agreement with Japan Bank for USD 1 billion loan

L&T Q2 results: Net profit declines 45% to Rs 1,410 crore, announces dividend of Rs 18

Trending on CNBC-TV18

recommended for you