. | . |
India monsoon forecast brings inflation hope New Delhi (AFP) April 19, 2011 India's weather office on Tuesday forecast a "normal" monsoon this year that could boost food production and ease high inflation. The strength of the annual June-September downpour is crucial to hundreds of millions of farmers, and to economic growth in Asia's third-largest economy which gets 80 percent of its annual rainfall from the monsoon. Two years ago, rains 30 percent below the long-term average brought misery to farmers and caused economic growth to slow. Though the government forecast is far from infallible, it is considered the best estimate for the rains. The monsoon season "for the country as a whole is most likely to be normal," the weather office said in a statement Tuesday. Normal is defined as 96 to 104 percent of the average annual monsoon rainfall recorded in past years. India achieved record food grain output of 236 million tonnes after last year's rains, which were 102 percent of the long-term average. The weather office said there was a "very low probability" that the monsoon rains in 2011 would be "deficient". Tuesday's forecast comes as a relief to the Congress-led government which has been seeking to wrestle down inflation of nearly nine percent, driven by especially high food prices, and is facing key elections in five states. The rains, which spread from southern Kerala state in the first week of each June and blanket most of central and northern India by July, are vital to the economy of rural areas, where two-thirds of the 1.2 billion population live. Despite its flagship IT and outsourcing sector, agriculture remains a vital component of India's trillion-dollar economy as bumper crops put money in the hands of farmers who spend on cars and other consumer goods. Agriculture accounts for 15 percent of gross domestic product. Summer crops such as rice, sugar cane, cotton and oil seeds are sown in July and harvested from October. India is the world's second-biggest producer of rice, wheat and sugar cane.
Share This Article With Planet Earth
Related Links Water News - Science, Technology and Politics
Sizzling, landlocked Madrid gets cool new 'beach' Madrid (AFP) April 15, 2011 Madrid residents, who suffer searing summer heat in a city that is several hours from the coast, will be able to cool off at their own "beach" in a vast new park that opened to the public on Friday. The Madrid Rio (Madrid River) project is a new green belt that runs eight kilometres (five miles) and covers 120 hectares (300 acres) along the banks of Manzanares River in the west of the city. ... read more |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |