Monsoon rainfall seen above normal in 2024 in India, IMD says
The monsoon rains are seen at 106 per cent of long-term average in 2024.
«India is likely to see above-normal monsoon with cumulative rainfall estimated at 106 per cent of long-period average of 87 cm,» IMD said.
«El Nino is weakening, it will enter a neutral stage by the time monsoon sets in,» said IMD DGM Mrutyunjay Mohapatra. La Nina weather conditions are seen developing during the second of the monsoon season this year.
Private weather forecasting agency Skymet recently said that it expects India to see a 'normal' monsoon between June and September 2024. Skymet had said that monsoon rains are expected to be 102 per cent of the long-period average of 868.6 mfor the four month period.
Monsoon forecast is an essential parameter for policymakers which stands to have a impact on inflation rates. A normal monsoon is favourable for a more controlled inflation reading while one disturbed by factors like climate shocks could affect the rates negatively.
For now, weather forecasts paint a seemingly favourale picture as food inflation, which was a pain point last year, could ease if monsoon turns normal this year.
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