Viewpoint: Monsoons and the Indian Economy

01 JUL,2019 | MEDC


 

A greatly delayed monsoon has arrived in the country. In Mumbai, it is the first time in 45 years that the rains have been delayed to this extent. However, the conditions are now favourable for further advancement of the monsoon into most parts of central and western India. The sowing of summer sown crops such as cotton, rice, soybean, corn and pulses has been delayed by a fortnight but is expected to pick up in the coming weeks. Monsoons deliver more than two-thirds of India’s annual rainfall and are the lifeblood of its agricultural economy, spurring farm output and boosting rural spending on FMCGs. Among the major metros in the country, Chennai is reeling under a severe water crisis. One can only hope that the situation will be corrected at the earliest and that proactive steps will be taken all over the country pertaining to irrigation and water management issues.

*Photo Credit: Google

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