Monsoon
India’’s rain deficit could rise to 18%: Goldman
Goldman Sachs stated that from the current 8% rainfall deficit estimated in India, the deficit could increase to 18% during the July-September period according to the India Meteorological Department. However, this in turn would see a decline in the agricultural growth to negative 2% year-on year, down from the previous estimate of 1.4%. Additionally, the [...]
Back up” plan to deal with truant monsoon: Finance Ministry
The government stated that in order to counter balance the impact of the delayed monsoon on agriculture and the country’’s economic growth, it would prepare a “back up” plan. Finance Secretary Ashok Chawla said; since the delayed monsoon is the primary concern, a back up plan will be required. However, as of now, the magnitude [...]
