Deficient monsoon risk rises, but macro impact on GDP expected to stay muted

India's agricultural output and inflation face heightened concerns as the India Meteorological Department forecasts a stronger probability of deficient rainfall. However, the impact on agriculture GVA and overall GDP growth is expected to be limited due to a weakening correlation with rainfall over the past two decades, attributed to factors like increased irrigation and a growing share of non-crop sectors.

Raccontata dathehindubusinessline.comeconomictimes.indiatimes.comtimesofindia.indiatimes.com