India to Get Below-Average Monsoon This Year in Risk to Economy

India's agriculture sector may be at risk as a private forecaster predicts below-normal monsoon rain this year, potentially driving up food prices and further straining the economy.

April 10, 2023 . 5:14 PM

1 min read

India to experience below-normal monsoon rain this year, with only 94% of the usual rainfall expected from June to September.
Agriculture sector may be affected, with a potential reduction in crop yields of summer-sown crops like rice and sugar cane.
Weaker monsoon linked to shift to El Nino, which can affect weather patterns worldwide.
Food inflation already elevated and could be further strained if India has to import to meet domestic shortfall.
60% of India's population depend on the agriculture sector for livelihood and it accounts for 18% of the economy.