Met department records has showed that after a much-delayed onset, this year’s monsoon has been the slowest progressing monsoon in at least 12 years. It has reached 10-15% of the country.
The slow progress has resulted in a countrywide rainfall deficit of 44% for the season (from June 1). Monsoon now covers Kerala, parts of south Karnataka, two-thirds of Tamil Nadu and most northeast India. It is now set to advance, but IMD said the system might take up to week to gain strength.
This shortfall could have a major impact on consumer demand, the overall economy and financial markets. The India Meteorological Department (IMD) has forecast average rainfall in 2019, while the country’s only private forecaster Skymet has predicted below-normal rainfall.
The monsoon delivers about 70% of India’s annual rainfall and determines the yield of rice, wheat, sugarcane and oilseeds, such as soybeans. Farming makes up about 15% of India’s $2.5 trillion economy but employs more than half of its 1.3 billion people.
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15 July, 2019