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IMD's monsoon forecast: Too early for markets to run into rough weather

A sub-par monsoon can has the potential to fan inflation and impact the country's economic outlook

Puneet Wadhwa  |  New Delhi 

Indian Metrological Department (IMD) has predicted a normal monsoon season in 2017 (June - September) with a fair distribution across the country. Monsoon 2017, according to the government forecaster, will be qualitatively 96 per cent of long-period average (LPA), with a model error of plus or minus five per cent. Private weather forecaster, Skymet, had recently predicted below-normal monsoon at 95% of the long-period average (LPA) and cautioned against sever heatwave conditions in northern India. Also Read: Another private firm echoes view on below-average monsoon These ...

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First Published: Wed, April 19 2017. 02:21 IST
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