Weak monsoon in August and uneven distribution of rainfall have raised concerns over impact on kharif crop and consequent inflationary pressures
With August drawing to a close, monsoon rainfall continued to remain weak, raising concerns over crop cultivation impacting inflation, while water reservoir storage levels are low. Cumulatively, pan-India rainfall is 7.6 percent below long period average (between June 1 and August 27), shows an analysis by Barclays based on Indian Meteorological Department (IMD) data.
According to IMD, subdued rainfall activity is likely to continue over the next five days, with dry weather over most parts of the country, except over the Andaman-Nicobar Islands, Northeast India and extreme south Peninsular India.
The uneven distribution of rainfall continued, with southern regions going further into deficit and the eastern region’s large deficiency persisting. “Monsoon rainfall continues to be deficient, with uneven distribution on a cumulative basis. With completion of kharif sowing, adequate rainfall in the remaining monsoon period will be critical for crop maturity,” says Barclays.