The monsoon brings nearly 70% of the rain India needs to water farms and refill reservoirs and aquifers; nearly half of the farmland depends on the annual rains. Monsoon’s revival will benefit summer crop planting and early-sown crops from June. Overall, the monsoon’s revival in early July bodes well for crops and yields. Higher rice planting could alleviate supply concerns in the world’s second biggest producer and consumer of the grain.
The monsoon has a direct impact on India’s economy. A successful monsoon season boosts farm production and income of both farmers and labourers. Summer rains, critical for economic growth in Asia’s third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8, allowing farmers to plant summer crops. Farmers had planted 14 million hectares with oilseeds, including soybeans, against 11.5 million hectares a year earlier.
Presentation- Dibyabharati Nayak
