Indian economy in dire straits as low June monsoon cripples farming


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Indian economy in dire straits as low June monsoon cripples farming

The struggling Indian economy received another jolt as the Indian Metrological Department's (IMD) data revealed that the last month of June was the driest the country had seen in five years. This shortfall in monsoon is also expected to affect the agricultural sector, which mainly relies on monsoon for crop planting.

The delay in the onset of southwesterly monsoon that hits the western and northern parts of the country led to rainfall dipping by a third as compared to the national average for June. However, in the northern state of Uttar Pradesh, June's record monsoon rate was low by as much as 61 per cent as compared to the national average for the month.

According to available statistical data, around 55 per cent of the land used for agriculture depends on monsoon. About 15 per cent of the Indian economy is dependent on agriculture. While the monsoon has set in India, the next couple of weeks are reportedly crucial for the country as any further shortfall could further impact the farming industry, especially with respect to harvesting.

Data released by the Indian farming ministry has shown that plantation of crops for the period ended 28th June 2019 was down by about 10 per cent from the same period for 2018.