New Delhi: Monsoon rains in India were six per cent above average in the week ended August 3, the India Meteorological Department (IMD) said on Thursday.
The weather office has retained its forecast for an above-average monsoon this year, boosting hopes of a rise in farm output and income after two years of drought.
An average or normal monsoon means rainfall between 96 and 104 per cent of a 50-year average of 89 centimetres.
The June-September monsoon is crucial for India's rain-fed farm sector that accounts for nearly 15 percent of its $2 trillion economy.
Farmers plant crops such as rice, soybeans, cotton and pulses in the summer-sowing season that starts in June.
The weather office has retained its forecast for an above-average monsoon this year, boosting hopes of a rise in farm output and income after two years of drought.
An average or normal monsoon means rainfall between 96 and 104 per cent of a 50-year average of 89 centimetres.
The June-September monsoon is crucial for India's rain-fed farm sector that accounts for nearly 15 percent of its $2 trillion economy.
Farmers plant crops such as rice, soybeans, cotton and pulses in the summer-sowing season that starts in June.
© Thomson Reuters 2016
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.