 "IMD's monsoon forecast: Too early for the markets run into rough weather")
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 forecasts assume importance as around 70% of India's rainfall happens in this
