What’s normal for monsoon?
IMD’s forecast of a normal monsoon holds caveats and potential skew in spread and timing
The India Meteorological Department (IMD)’s headline prediction of a normal monsoon this year hides some caveats that may influence the course of the agriculture sector and economy. To start off, IMD’s forecast of the June-September monsoon at 96% of the long-period average (LPA) is at the lowest end of the 96%-104% band that is considered normal rainfall. Second, the national forecaster said there was a 35% probability of a normal monsoon and a 29% probability of a below-normal monsoon this year. And third, IMD said currently neutral El Nino Southern Oscillation conditions were prevailing in the country, but El Nino conditions — characterised by an unusual warming of waters in the eastern equatorial Pacific, which has a high correlation with weaker monsoon rains — were likely to develop in July. IMD director general M Mohapatra sought to calm nerves by adding that not all El Nino years see bad monsoons, but any developments on this front will be keenly watched, and IMD’s May forecast will serve as a crucial barometer of sentiment.

In any year, the southwest monsoon — which brings about 70% of the country’s annual rainfall — holds outsized importance because 51% of India’s farmed area, accounting for 40% of production, is rain-fed, and a little less than half of its population is dependent on agriculture. But this year, the stakes are even higher, given the global economic gloom and the vagaries of inflationary pressures. A poor monsoon can depress farm produce and rural spending, crimp production and fuel food inflation, besides wreaking havoc with harvest rates and farm jobs.

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