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Monsoon  forecast  brings  relief to farmers, industry

The monsoon rains are critical because nearly 60% of India’s net arable land lacks irrigation and half the population depends on agriculture for a livelihood.

Updated on: Apr 16, 2020, 08:52:53 IST
Hindustan Times, New Delhi | By
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The prediction of a normal June-to-September monsoon by the India Meteorological Department (IMD) has brought relief to farmers, industry, and the government alike as it will likely lessen the strain on the economy from widespread disruptions caused by the covid-19 pandemic, experts said on Wednesday.

Farmers seen at work in Khera Jatta village during the lockdown, in Patiala, Punjab, India, on Tuesday, April 14, 2020. (Photo by Bharat Bhushan / Hindustan Times)
Farmers seen at work in Khera Jatta village during the lockdown, in Patiala, Punjab, India, on Tuesday, April 14, 2020. (Photo by Bharat Bhushan / Hindustan Times)

The monsoon rains are critical because nearly 60% of India’s net arable land lacks irrigation and half the population depends on agriculture for a livelihood.

With good rains, spending by rural consumers on manufactured items such as television sets and gold jewellery goes up, and boosts factory output. A deficient monsoon cuts rural consumption and also drives up inflation. A normal monsoon is key for robust agricultural output growth, which the government targets at around 4%.

“Deficit rain could have toughened the fight against the covid-19 pandemic because not only does it necessitate costly drought-fighting measures, but poor rains also directly impact rural farm-derived incomes,” said economist R Mani of the Tamil Nadu Agricultural University. Prediction of a normal monsoon rainfall is good news and offers a ray of hope of keeping farm incomes going amid such times, he added.

 
ABOUT THE AUTHOR
Zia Haq

Zia Haq reports on public policy, economy and agriculture. Particularly interested in development economics and growth theories.

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