Spectre of drought haunts the nation! More than 40 percent of districts are affected by drought this year. Drought is expected to affect the prospect of crop production and livelihood of agriculturalists. According to an estimate made by the India Meteorological Department (IMD), 283 districts out of total 640 districts are affected by drought. In such districts, rainfall deficiency this year has been in the range of -20 percent to...

-Livemint.com Amid all the gloom, the lower inflation rate and commodity prices could bring some respite With the Southwest monsoon retracing, concerns about the deficiency of rainfall and its impact on the economy are increasing. The 15% rainfall deficit makes it the second consecutive year of less-than-normal monsoon dotted with some unseasonal showers. Together, this would have multiple ramifications on economic growth. Both macroeconomic and sectoral analysts have turned cautious and some...

-Business Standard Monsoon starts withdrawing from northwest, complicating projections for kharif output Monsoon has started withdrawing from the northwestern region of the country, India Meteorological Department (IMD) said on Friday. “The Southwest monsoon has withdrawn from western parts of Rajasthan,” the department said. The conditions are favourable for further withdrawal of the monsoon from northwest India in the next three-four days, it added. According to economists, it is too early to predict the impact...

-PTI New Delhi: The spectre of a drought looms over large parts of the country with 40 per cent of its land mass receiving "deficient" rainfall. "As of today, 47 per cent of the country has witnessed normal rainfall, 40 per cent deficient and merely 13 per cent excess precipitation. The overall deficiency has increased to 12 per cent," India Meteorological Department said, adding with the Southwest monsoon expected to start withdrawing...

-Livemint.com With barely weeks left for the to begin its retreat, it is emerging that India will close the year with a deficit much higher than what was initially forecast  Another year and another bad monsoon. What were the odds? The India Meteorological Department (IMD) forecast this year’s monsoon—like last year—to be below normal. At that time, we all hoped that the IMD had got it wrong—the economy was on the...