Monsoon rains hit Kerala coast - weather office

Image
Reuters NEW DELHI
Last Updated : May 29 2018 | 9:56 PM IST

By Mayank Bhardwaj

NEW DELHI (Reuters) - Monsoon rains hit the southern state of Kerala a few days earlier than normal on Tuesday, the country's weather office said, potentially brightening the nation's outlook for agricultural output and economic growth.

Monsoons deliver about 70 percent of India's annual rainfall and are the lifeblood of its $2.5 trillion economy, spurring farm output and boosting rural spending on items ranging from gold to cars, motorcycles and refrigerators.

"The southwest monsoon has set in over the southern state of Kerala, three days ahead of its normal date," the state-run India Meteorological Department (IMD) said in a statement.

The early arrival of monsoon rains typically enables farmers to bring forward sowing of crops such as rice, sugar cane, corn, cotton and soybeans because nearly half the country's farmland lacks irrigation.

However, IMD Monsoon Director General K.J. Ramesh last month forecast that monsoon rains were expected to be 97-percent of a long-term average.

India's weather office defines average, or normal, rainfall as between 96 percent and 104 percent of a 50-year average of 89 cm for the entire four-month season beginning June.

Other than boosting farm output and wider economic growth, a spell of roughly average rains could help keep a lid on inflation, potentially tempting Prime Minister Narendra Modi to bring forward a general elections due in May 2019.

Monsoon rains are likely to be unaffected by the El Nino weather pattern, which is expected to set in only after the four-month rainy season ends in September.

In 2017, monsoon rains were 95 percent of the long-term average compared to forecasts of 98 percent.

Before receiving average rains in 2016, India suffered back-to-back drought years for only the fourth time in more than a century, hurting incomes and driving some farmers to suicide.

Average monsoon rainfall would help India retain its position as the world's top rice exporter, but could further stoke a glut in supply of sugar.

(Reporting by Mayank Bhardwaj; Editing by Malini Menon and Joseph Radford)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 29 2018 | 9:46 PM IST

Next Story