Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Economy may bottom out on improving monsoon in the current quarter- Vinay Pandey    </title>
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The worst of drought may be behind after the near normal rains since fourth week of July, raising hopes that the economy could bottom out in the current quarter and even get a big push from a likely..."/>
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                            <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The worst of drought may be behind after the near normal rains since fourth week of July, raising hopes that the economy could bottom out in the current quarter and even get a big push from a likely good Rabi harvest.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The deficit in the weekly rainfall in the three weeks to August 15, the crucial sowing period in north India, has been less than 4%, almost normal rainfall.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The full reservoirs provide cushion against a possible shortfall in rains in September as the dreaded El Nino strengthens.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The worst of drought is clearly behind us, though residual impact could last up to the third quarter of the current fiscal,&quot; says Abheek Barua, chief economist HDFC Bank. The farm sector, which has a 14% weight in the economy, has in the last couple of years provided good consumption support to economy, making up partly for the deficiency in investments.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">There were concerns that the a bad drought will undermine this significant driver of the economy, but the improving rains will provide some respite to the country battling growth downgrades and threat of a credit rating cut to junk status.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We will have to wait for the September rains to get a clearer picture, but the horror scenario is clearly off,&quot; said eminent agriculture economist and former Union minister Y K Alagh.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rating agency Crisil, which has pegged GDP growth at 5.5% in the current year, a good percentage point below the 6.5% growth in the last fiscal, does not see any further downside because of monsoons.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Unless El Nino completely messes up, there will not be any more downside for the economy from the rains,&quot; said DK Joshi, chief economist Crisil.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In fact, there may be a small upside to the rating agency's zero percent farm sector growth estimate if September rains are also decent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The latest crop sowing data shows excess or normal area under rice, cotton, sugarcane, and oil seeds. The only deficiency is in the case of pulses and coarse cereals, indicating that stress is not as severe as believed initially.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In the case of rice, going by the sowing pattern as on August 17, the country could actually have a record crop this year.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the early moisture deficiency may take a toll on the yields even if crop damage is not extensive.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Barclays economists Rahul Bajoria and Siddhartha Sanyal have noted the improvement in monsoon in a note put out last week, but did not try and guess its impact.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;At this point, it is unclear whether this improvement will have a significant impact on the agriculture sector,&quot; they wrote in the note. Agriculture experts appear more upbeat about the prospects of the sector, especially the winter crop. The residual moisture could also provide a good winter (crop), helping prop up the overall farm sector growth numbers for the year.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;August rains have helped full reservoirs and charge ground water,&quot; says Alagh but adds that more than monsoon it is what finance minister P Chidambaram does that is going to be more crucial for the economy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Agriculture, after all, has only a small weight in the economy, he says.&nbsp;</div>                                                           
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    <h1 class="cat-box-title">Economy may bottom out on improving monsoon in the current quarter- Vinay Pandey</h1>
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                            <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The worst of drought may be behind after the near normal rains since fourth week of July, raising hopes that the economy could bottom out in the current quarter and even get a big push from a likely good Rabi harvest.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The deficit in the weekly rainfall in the three weeks to August 15, the crucial sowing period in north India, has been less than 4%, almost normal rainfall.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The full reservoirs provide cushion against a possible shortfall in rains in September as the dreaded El Nino strengthens.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The worst of drought is clearly behind us, though residual impact could last up to the third quarter of the current fiscal,&quot; says Abheek Barua, chief economist HDFC Bank. The farm sector, which has a 14% weight in the economy, has in the last couple of years provided good consumption support to economy, making up partly for the deficiency in investments.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">There were concerns that the a bad drought will undermine this significant driver of the economy, but the improving rains will provide some respite to the country battling growth downgrades and threat of a credit rating cut to junk status.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We will have to wait for the September rains to get a clearer picture, but the horror scenario is clearly off,&quot; said eminent agriculture economist and former Union minister Y K Alagh.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rating agency Crisil, which has pegged GDP growth at 5.5% in the current year, a good percentage point below the 6.5% growth in the last fiscal, does not see any further downside because of monsoons.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Unless El Nino completely messes up, there will not be any more downside for the economy from the rains,&quot; said DK Joshi, chief economist Crisil.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In fact, there may be a small upside to the rating agency's zero percent farm sector growth estimate if September rains are also decent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The latest crop sowing data shows excess or normal area under rice, cotton, sugarcane, and oil seeds. The only deficiency is in the case of pulses and coarse cereals, indicating that stress is not as severe as believed initially.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In the case of rice, going by the sowing pattern as on August 17, the country could actually have a record crop this year.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the early moisture deficiency may take a toll on the yields even if crop damage is not extensive.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Barclays economists Rahul Bajoria and Siddhartha Sanyal have noted the improvement in monsoon in a note put out last week, but did not try and guess its impact.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;At this point, it is unclear whether this improvement will have a significant impact on the agriculture sector,&quot; they wrote in the note. Agriculture experts appear more upbeat about the prospects of the sector, especially the winter crop. The residual moisture could also provide a good winter (crop), helping prop up the overall farm sector growth numbers for the year.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;August rains have helped full reservoirs and charge ground water,&quot; says Alagh but adds that more than monsoon it is what finance minister P Chidambaram does that is going to be more crucial for the economy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Agriculture, after all, has only a small weight in the economy, he says.&nbsp;</div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/indicators/economy-may-bottom-out-on-improving-monsoon-in-the-current-quarter/articleshow/15594723.cms" class="re" target="_blank">The Economic Times, 22 August, 2012, http://economictimes.indiatimes.com/news/economy/indicators/economy-may-bottom-out-on-improving-monsoon-in-the-current-quarter/articleshow/15594723.cms</a><div class="clear"></div>
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                            <div style="text-align: justify">-The Economic Times</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The worst of drought may be behind after the near normal rains since fourth week of July, raising hopes that the economy could bottom out in the current quarter and even get a big push from a likely good Rabi harvest.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The deficit in the weekly rainfall in the three weeks to August 15, the crucial sowing period in north India, has been less than 4%, almost normal rainfall.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The full reservoirs provide cushion against a possible shortfall in rains in September as the dreaded El Nino strengthens.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;The worst of drought is clearly behind us, though residual impact could last up to the third quarter of the current fiscal,&quot; says Abheek Barua, chief economist HDFC Bank. The farm sector, which has a 14% weight in the economy, has in the last couple of years provided good consumption support to economy, making up partly for the deficiency in investments.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">There were concerns that the a bad drought will undermine this significant driver of the economy, but the improving rains will provide some respite to the country battling growth downgrades and threat of a credit rating cut to junk status.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We will have to wait for the September rains to get a clearer picture, but the horror scenario is clearly off,&quot; said eminent agriculture economist and former Union minister Y K Alagh.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rating agency Crisil, which has pegged GDP growth at 5.5% in the current year, a good percentage point below the 6.5% growth in the last fiscal, does not see any further downside because of monsoons.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;Unless El Nino completely messes up, there will not be any more downside for the economy from the rains,&quot; said DK Joshi, chief economist Crisil.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In fact, there may be a small upside to the rating agency's zero percent farm sector growth estimate if September rains are also decent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The latest crop sowing data shows excess or normal area under rice, cotton, sugarcane, and oil seeds. The only deficiency is in the case of pulses and coarse cereals, indicating that stress is not as severe as believed initially.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In the case of rice, going by the sowing pattern as on August 17, the country could actually have a record crop this year.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the early moisture deficiency may take a toll on the yields even if crop damage is not extensive.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Barclays economists Rahul Bajoria and Siddhartha Sanyal have noted the improvement in monsoon in a note put out last week, but did not try and guess its impact.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;At this point, it is unclear whether this improvement will have a significant impact on the agriculture sector,&quot; they wrote in the note. Agriculture experts appear more upbeat about the prospects of the sector, especially the winter crop. The residual moisture could also provide a good winter (crop), helping prop up the overall farm sector growth numbers for the year.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;August rains have helped full reservoirs and charge ground water,&quot; says Alagh but adds that more than monsoon it is what finance minister P Chidambaram does that is going to be more crucial for the economy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Agriculture, after all, has only a small weight in the economy, he says.&nbsp;</div>                                                           
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    <br><a href="http://economictimes.indiatimes.com/news/economy/indicators/economy-may-bottom-out-on-improving-monsoon-in-the-current-quarter/articleshow/15594723.cms" class="re" target="_blank">The Economic Times, 22 August, 2012, http://economictimes.indiatimes.com/news/economy/indicators/economy-may-bottom-out-on-improving-monsoon-in-the-current-quarter/articleshow/15594723.cms</a><div class="clear"></div>
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Home हिन्दी

Economy may bottom out on improving monsoon in the current quarter- Vinay Pandey

Published on Aug 22, 2012   Modified on Aug 22, 2012

-The Economic Times The worst of drought may be behind after the near normal rains since fourth week of July, raising hopes that the economy could bottom out in the current quarter and even get a big push from a likely good Rabi harvest. The deficit in the weekly rainfall in the three weeks to August 15, the crucial sowing period in north India, has been less than 4%, almost normal rainfall. The full reservoirs provide cushion against a possible shortfall in rains in September as the dreaded El Nino strengthens. "The worst of drought is clearly behind us, though residual impact could last up to the third quarter of the current fiscal," says Abheek Barua, chief economist HDFC Bank. The farm sector, which has a 14% weight in the economy, has in the last couple of years provided good consumption support to economy, making up partly for the deficiency in investments. There were concerns that the a bad drought will undermine this significant driver of the economy, but the improving rains will provide some respite to the country battling growth downgrades and threat of a credit rating cut to junk status. "We will have to wait for the September rains to get a clearer picture, but the horror scenario is clearly off," said eminent agriculture economist and former Union minister Y K Alagh. Rating agency Crisil, which has pegged GDP growth at 5.5% in the current year, a good percentage point below the 6.5% growth in the last fiscal, does not see any further downside because of monsoons. "Unless El Nino completely messes up, there will not be any more downside for the economy from the rains," said DK Joshi, chief economist Crisil. In fact, there may be a small upside to the rating agency's zero percent farm sector growth estimate if September rains are also decent. The latest crop sowing data shows excess or normal area under rice, cotton, sugarcane, and oil seeds. The only deficiency is in the case of pulses and coarse cereals, indicating that stress is not as severe as believed initially. In the case of rice, going by the sowing pattern as on August 17, the country could actually have a record crop this year. However, the early moisture deficiency may take a toll on the yields even if crop damage is not extensive. Barclays economists Rahul Bajoria and Siddhartha Sanyal have noted the improvement in monsoon in a note put out last week, but did not try and guess its impact. "At this point, it is unclear whether this improvement will have a significant impact on the agriculture sector," they wrote in the note. Agriculture experts appear more upbeat about the prospects of the sector, especially the winter crop. The residual moisture could also provide a good winter (crop), helping prop up the overall farm sector growth numbers for the year. "August rains have helped full reservoirs and charge ground water," says Alagh but adds that more than monsoon it is what finance minister P Chidambaram does that is going to be more crucial for the economy. Agriculture, after all, has only a small weight in the economy, he says.

The Economic Times, 22 August, 2012, http://economictimes.indiatimes.com/news/economy/indicators/economy-may-bottom-out-on-improving-monsoon-in-the-current-quarter/articleshow/15594723.cms

Tagged with: monsoon drought

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