Monsoon Rainfall in India Forecast to be 'Normal' for Third Year
(Bloomberg) -- India’s southwest monsoon, which irrigates more than half of the country’s farmland and is critical for economic growth, is forecast to be normal for a third year.Total rainfall during the June-September rainy period is likely to be 98% of a long-term average, Madhavan Nair Rajeevan, secretary of the Ministry of Earth Sciences, said at an online conference on Friday. The forecast has a margin of error of 5%.The monsoon is crucial for India as about 60% of more than 1.3 billion people depend directly or indirectly on agriculture, which accounts for about 18% of its ...