Question

the Indian economy is a gamble on the monsoon explain

Answer 1

India is a country, that depends on our monsoons. Parts of our country receive a few light showers between November - December and some receive rainfall between January – February. But, the rainfall season in India is primarily between June - September and India gets 80% of their rainfall, during these months.  70 % of the farmers in India are small farmers and a delay in rain or an early withdrawal of the same, affects the farmer's and the economy. 
All parts of India, do not experience the same amount of rainfall. While some part. There are areas in the country which receive more than 1000 mm of rainfall and there are other states that receive less than 10 mm of rain.
Oilseeds, cereals and millets depend on a lot of rainfall, to grow, however 40% of the total crops, are wasted, when rainfall fails.
The socio economic problems that arise when rains fail are also plenty. Farmers take credit from banks to cultivate their agriculture and are often unable to replay these loans when monsoons are erratic. Farmer's are then trapped in more poverty and some even migrate from rural areas to urban areas in search of employment.  

Answer 2

Answer:

The monsoon is a double system of seasonal winds – They flow from sea to land during the summer and from land to sea during winter. ... India receives south-west monsoon winds in summer and north-east monsoon winds in winter. South-west monsoons are formed due to intense low pressure system formed over the Tibetan plateau.