India Macro View
Monsoon Watch – Clear Skies, Cloudy Outlook
Monsoons Kick Off on a Dismal Note — The second estimates by the Indian Met
Dept predict rainfall for the season as “Normal” or 96% of the Long Period Average (v/s
99% as per the first estimate). However, monsoons have kicked off slowly, with cumulative rainfall from (June 1-20) being 26% below normal. A quick recap - India’s
Rohini Malkani
monsoon season, which runs through June-September, largely determines the
outcome of the summer (kharif) crop – which accounts for ~50% of total output. In addition to quantum, the temporal and spatial distribution of rainfall is also key. However, all is not lost, as the crucial month for sowing is July. (IMD predicts rainfall in July and August at 98% and 96% of LPA.)