Monsoon likely to be normal this year, says IMD
"India is going to have a near normal monsoon in 2019 as the south-west monsoon is likely to be near-normal," said M. Rajeevan Nair, Secretary Ministry of Earth Sciences.
Monsoon will ne near-normal this year with an expected rainfall of 96 per cent, the India Meteorological Department (IMD) said on Monday. "India is going to have a near-normal monsoon in 2019 as the south-west monsoon is likely to be normal," said M. Rajeevan Nair, Secretary Ministry of Earth Sciences.
He said that over a long term average, they expect 96 per cent rainfall of 89 cm. "Al Nino will start weakening by June, which will ensure that good rainfall is not affected," explained Nair.
According to the latest global forecasts, weak El Nino conditions are likely to persist this summer.
"We expect a uniform distribution of monsoon across the country...it will be well distributed. This will be a good year for farmers," added the Secretary.
Watch this Zee Business Video
In 2018, against a forecast of 97 per cent long term average, India had recorded 91 per cent rains at the end of July-September monsoon season.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
05:02 PM IST