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Question The IMD collates rainfall between June and September as SW monsoon. Answer the following question.
The southwest monsoon typically accounts for about 70% of India's annual rainfall, making it vital for the country's agrarian economy, which contributes approximately 14% to the national GDP. A good monsoon would boost the economy, how?
India's economy is primarily agriculture based. A good Southwest Monsoon significantly impacts India's economy by enhancing agricultural productivity in following ways:
- A good southwest monsoon brings enough rainfall for healthy crop growth.
- It improves agricultural output, which benefits farmers.
- Increased rural income boosts demand for goods and services.
- Food prices stay stable or fall, reducing inflation.
- Industries linked to farming, like food processing, also grow.
- Contributing 14% to the national GDP, agriculture supports millions and good monsoon boosts agriculture which in turn improves the overall economy.