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Copious rains seed hope of bumper harvest: CRISIL's DRIP Index

Agriculture should be the saving grace for the beleaguered Indian economy this year

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None of the major kharif crop-growing states is staring at a rainfall deficiency

Business Standard New Delhi
Rainfall has been abundant in July and August, months critical for the kharif crop. Sowing for the entire kharif season, estimated to have been completed as of August 21, is 8.6% higher on-year. As a result, agriculture should be the saving grace for the beleaguered Indian economy this year.

None of the major kharif crop-growing states is staring at a rainfall deficiency. In fact, this time, the story is one of excess. Since mid-August, rains have inundated Gujarat, which recorded 68% above normal rains by month-end. What comes as a solace is that most of the heavy downpour has been