Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / Monsoon delay by 10-15 days not to impact farm output: Sen
BackBack

Monsoon delay by 10-15 days not to impact farm output: Sen

Monsoon delay by 10-15 days not to impact farm output: Sen

Premium

New Delhi: Country’s chief statistician Pronab Sen on Monday said 10-15 days delay in monsoon will not have any major impact on farm production.

However, he added, “delay (in monsoon) beyond one month, could adversely impact foodgrain production, though prices may not rise as the government has sufficient foodgrain stocks."

Failure of monsoon, Sen told reporters on the sidelines of a function to observe the Statistics Day, would have serious consequences for the economy.

“We will have serious issue on both inflation and growth" in the event of failure of monsoon, he said.

However, Sen added that delayed monsoon could have positive implications with regard to availability of certain crops.

“The farmers will switch to shorter-duration crops increasing the availability of commodities like oil and pulses," he added.

Meanwhile, PM’s economic advisory council chairman Suresh Tendulkar on Monday said it is too early to press the panic button, when asked about the impact of delayed monsoon on agriculture and the economy.

Rainfall, according to official estimates, is likely to be only 93% of the long-period average

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 29 Jun 2009, 05:22 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App