India Keeps Normal Monsoon Forecast, Easing Inflation Fears
- Probability of normal showers is as much as 43% this year: IMD
- Any impact of El Niño on rain could be offset by favorable IOD
The monsoon has the power to determine prices of food staples and the livelihoods of hundreds of millions of farmers.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
India maintained its forecast for a normal monsoon this year, tempering concerns about weather risks to inflation.
Rainfall during the June-September season may reach 96% of a long-term average, D.S. Pai, a senior scientist at the India Meteorological Department, said in an online briefing Friday. The latest prediction matches with its previous forecast in April.