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India set to receive average monsoon rains, in boost for poll-bound Modi

Reuters  |  NEW DELHI 

By Sudarshan Varadhan and Mayank BhardwajNEW DELHI (Reuters) - India is likely to receive average monsoon rains in 2018, the the state-run India Meteorological Department said, raising the possibility of higher farm and economic growth in Asia's third-biggest economy, where half of the farmland lacks irrigation.Monsoon rains, the lifeblood of the country's $2 trillion economy, are expected to be 97 percent of a long-term average, K.J. Ramesh, director general of IMD, told a news conference."We see very less probability of a deficit monsoon," Ramesh said on Monday.Other than lifting farm and ...

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First Published: Mon, April 16 2018. 18:22 IST