Late monsoon won't impact India economy much
Reuters | HT Correspondent, Mumbai
Jun 23, 2009 05:34 PM IST
Delayed monsoon rains may not have much impact on the Indian economy, a senior government official said on Tuesday.
Delayed monsoon rains may not have much impact on the Indian economy, a senior government official said on Tuesday.
"It is possible the monsoon is delayed by a couple of weeks, but it's not going to impact the economy much," Planning Commission Deputy Chairman Montek Singh Ahluwalia told reporters when asked about the impact of delayed rains on the economy.
HT launches Crick-it, a one stop destination to catch Cricket, anytime, anywhere. Explore now!
The monsoon, crucial to a farm sector has stalled after an early start. In the week ended June 17, rains were 51 per cent below normal, the Meteorological Department said last week.
Discover the complete story of India's general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!
Get Current Updates on India News, Ram Navami Live Updates , Lok Sabha Election 2024 live, Elections 2024, Election 2024 Date along with Latest News and Top Headlines from India and around the world.
Get Current Updates on India News, Ram Navami Live Updates , Lok Sabha Election 2024 live, Elections 2024, Election 2024 Date along with Latest News and Top Headlines from India and around the world.
Share this article