how late monsoons are detrimental to indian agriculture
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India needs this year’s monsoon season to deliver heavier rainfall that will boost farm output and economic growth — but the country has been disappointed so far.
Asia’s third-largest economy ended June — the first month of the monsoon season — with total rainfall 33% below its 50-year average, according to Citi, which cited data from the India Meteorological Department. Rain has picked up in July and the total rainfall this month will affect India’s agricultural output and overall economic momentum, analysts said.
“Major crop-sowing takes place in July. This is the critical monsoon month for the agriculture sector when more than 50.0% of the Kharif crop sowing takes place,” analysts from Citi wrote in a report last week. Kharif crops include rice, maize, sorghum and cotton, and are planted during the monsoon season.
The agriculture sector in India is both economically and politically important. The industry accounts for around 14% of the country’s $2.7 trillion economy and 42% of total employment, according to Rajiv Biswas, chief economist in Asia Pacific for consultancy IHS Markit.
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The indian monsoon is highly dependent on agriculture and livelihood of the Indian farmers. The southwest monsoon in india is a four month long affair from June to September. India receives more then 75% of its annual rainfall during its period which helps irritation of crops when there will be weak and late monsoons, it will result in crop failure. This will lead scarcity of grains and prices will increase due to which the country may have to import food grains from other countries. This will result in costing of an excessive fund, which will ultimately effect India's economy.