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SBI Research, in its latest 'Ecowrap' report, noted that a continued vigil on the evolving inflation outlook is warranted given the erratic progress of monsoon and its impact on Kharif crop sowing, and subsequently on overall food inflation.
The southwest monsoon season ended last Friday, officially, with India receiving above normal rainfall, at nearly 107% of the long-period average. This is the fourth successive year of ‘normal’ or ‘above normal’ rainfall
The study predicts extremely wet years in the future, with potentially grave consequences for over a billion people's well-being, economy, food systems and agriculture