Weak Monsoon Can Become A Disaster For Indian Agricultural Economy: Experts
A weak monsoon could spell disaster for the agriculture-based economy in India, already reeling under the ill-effects of scorching heat. This is what the experts believe. However, they expect the monsoon rains to resume. According to him, this will reduce food inflation and at the same time ensure food security. Monsoon accounts for about 70 per cent of the country's annual rainfall and irrigates 60 per cent of the net sown area. About half of the country's population is directly or indirectly dependent on agriculture. A weak monsoon always means less crop production and inflation. An early onslaught of heatwave has already affected the rabi crops. This forced the government to curb wheat exports and cut production forecasts by about five percent (from 111.3 million tonnes to 106.4 ...
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