Maharashtra Economic Development Council महाराष्ट्र आर्थिक विकास मंडळ

Monsoon deficiency to impact economy

24 JUN,2019 | MEDC

The advance of the southwest monsoon is slow and the strong winds typically accompanying the monsoon current are missing. Most kharif crops, largely grown in non-irrigated regions, depend on the monsoon for their survival. Paddy, the key kharif crop, has been planted across 4.26 lakh hectares, down from 5.47 lakh hectares a year ago. It may still be too early to come to a definitive conclusion, but the trends are worrying as most crops have a limited sowing window. The rural economy’s buying power is crucial for any kind of revival, and there is a real danger of it being impacted. On the flip side, states are gearing up in giving their farmers financial aid and supporting them in every way possible.

*Photo Credit: Google

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