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Does good monsoon mean big consumption boost? -Mayank Mishra

-Business Standard FY10 was a drought year with a monsoon rainfall deficiency of 22 per cent of the 50-year average, resulting in a seven per cent dip in the total foodgrains production. But, that did not dampen the consumer sentiment as the auto sector grew by 26 per cent, fast-moving consumer goods (FMCG) 25 per cent and the consumer durables sector by 21 per cent. The momentum continued the following year,...

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IMD predicts excess rainfall -Jacob Koshy

-The Hindu ‘Southwest monsoon will set in over Kerala in next 3 or 4 days’ Even while maintaining that the torrential rain in Kerala was pre-monsoon showers, the India Meteorological Department (IMD) on Thursday said in an update to its April monsoon forecast that rainfall would be 6% above the 50-year average of 89 cm. Rains over north-west India would be 8% more; over Central and South India 13% more and over north-east...

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INDIA FOCUS: Drought and drinking water shortage. More than one-third of India is affected. Click here for info and links.

Situation alarming: More than one-third population hit by drought   The country is facing severe drought for the second consecutive year. Conservative estimates from official sources show that over a quarter of rural habitations are facing drinking water scarcity. Although both India Meteorological Department and Skymet have predicted a more than normal rainfall during June-September, 2016, the water storage available in 91 major reservoirs of the country has declined from 22 percent...

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Skymet forecasts 'above normal' rainfall -Sanjeeb Mukherjee

-Business Standard Private weather forecast agency revises estimate to 109% of LPA As the country awaits the arrival of the Southwest monsoon after two years of drought, private weather forecasting agency Skymet on Tuesday revised upward its 2016 Southwest monsoon forecast to 109 per cent of the long period average (LPA) from 105 predicted in April. The forecast, if accurate, would mean that India might have its highest Southwest monsoon since 1994 and...

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Modi govt wakes up too late to the agrarian crisis -Sayantan Bera

-Livemint.com A look at the past three budgets shows that the government took note of the crisis only in 2016 On 24 April 2014, about a month before Narendra Modi-led National Democratic Alliance (NDA) formed a new government at the centre, the India Meteorological Department made an ominous forecast. The four-month-long Southwest monsoon which irrigates more than half of India’s farmlands was likely to be deficient. Over the next few months the...

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