India : IMD retains forecast of above-average monsoon
Mon Aug 01 2016
Ramesh Sridharan (877 articles)

India : IMD retains forecast of above-average monsoon

NEW DELHI : India’s weather office on Monday retained its forecast for an above-average monsoon this year, boosting hopes of a rise in farm output and income after two years of drought.

The June-September monsoon rains, crucial for India’s farm sector, will be 106 percent of a long-period average, the weather office said.

The second half of the monsoon is expected to bring plentiful showers and is forecast at 107 percent of long-period average.

Ramesh Sridharan

Ramesh Sridharan

Ramesh Sridharan is our Stock Market Correspondent covering events and daily movements of stock markets in Asia. He is based in Mumbai

Discussion

Rules of Discussion on Live Index

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.