Early monsoons do not necessarily always translate into higher production, though such results are probable and expected by the government, an official told Moneycontrol. There needs to be caution in such conditions as some areas might be prone to flooding or drought, resulting in crop destruction.
Slowing growth, high inflation and a sorry state of the economy has been playing havoc. Along with that, a not so good monsoon has started to ink fears of lower agricultural output. In an interview with CNBC-TV18, Shankar Acharya of ICRIER said the monsoon situation is worrying and by the end of July, a clear picture is likely to emerge.
The monsoon so far has been disappointing but, the Indian Meteorological Department has some hope to offer. According to DS Pai, Director - Long Range Forecast at India Met Department, the first week of July has seen some improvement in monsoon and they are expecting rainfall to improve over the next fortnight.