With just another week to go before the season ends, it is likely that the cumulative rainfall deficit will remain below 10 percent, marking an overall normal monsoon season for the current year, in line with IMD's forecasts, says Barclays
At almost at the fag end of monsoon season, late rebound in rainfall over most parts of the country like northwest and central regions and some southern states, has reduced deficit. Overall steady increase in water storage level is expected to be beneficial for rabi crops.
Cumulatively, pan-India rainfall deficit in the period June 1 to September 24 has reduced to 5.6 percent from 8 percent in the previous week, according to Barclays analysis based on Indian Meteorological Department (IMD) data. However, the late surge of 'large excess' rainfall in Gujarat, Madhya Pradesh, and Rajasthan led to heavy flooding, thus the distribution of rainfall remains erratic.
IMD has said that southwest Monsoon has withdrawn from parts of southwest Rajasthan as on September 25. “A low pressure area is likely to form over north Andaman Sea and adjoining east central Bay of Bengal by around September 30. Thereafter, it is likely to move west-northwestwards with possibility of gradual intensification,” it says.
Also read: Rain watch for September 14-20: Monsoon tad better, crop yields still uncertain