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via thehindubusinessline.comEconomy

Deficient monsoon in India: IMD forecast proves accurate with 15% deficit

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

Breaking the age-old saying that the meteorological department’s weather predictions rarely come true, the India Meteorological Department’s (IMD) prediction for the South-West Monsoon (SWM) this year turned out to be remarkably correct. Yes, the SWM was deficient by 15 per cent…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA below-normal monsoon weighs on Indian agriculture and food inflation.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The IMD correctly forecast this year's south-west monsoon.
  2. 02The monsoon was 15% below normal as of September 19.
  3. 03The article reflects on the effects of the deficit on the economy.

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