InvestorQ : What are the early indications about monsoons saying about the current season?
Niti Shenoi made post

What are the early indications about monsoons saying about the current season?

Answer
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Archita Jajjoo answered.
5 months ago


The good news could be that the monsoons are expected to hit the Kerala coast around June 01 this year, as per the IMD. Timely rains are crucial for the country's farm-dependent economy. The IMD had earlier forecast the arrival of monsoon rains over Kerala on June 5, four days later than usual. Nearly half of India's farmland, without irrigation cover, depends on annual June-September rains to grow crops such as rice, corn, cane, cotton and soybeans. In April, the IMD had stated that India was likely to get average monsoon rains in 2020, raising expectations of higher farm output. A good Kharif output on the back of timely rains would keep farm prices under check and spur growth in downstream sectors.