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India Business News: NEW DELHI: India's improved monsoon performance, strong fiscal performance, continued expansion in manufacturing and services sectors, vigorous capita.
Seasonal rainfall during southwest monsoon mostly hangs around 'Below Normal', 'Normal' and 'Above Normal'. The other 2 categories of 'Drought' and 'Excess' get outnumbered by large margins. 'Drought' or Deficient' monsoon is announced when the seasonal rainfall drops below 90% of long period average (LPA). Similarly, 'Excess' monsoon is declared when the rainfall climbs to > 110% of LPA.
Southwest Monsoon 2021 is expected to be 'healthy normal' for the 3rd consecutive year. The monsoon performed exceptionally well during the last 2 years. Both, 2019 and 2020 were above normal with season-ending at 110% and 109% respectively.