Poor monsoon likely to hit crop output, amplify rural slowdown2 min read . Updated: 27 Jul 2019, 04:42 PM IST
- As of 24 July, monsoon rains for the June-September season were 19% below normal
- The fear is that weak rainfall can hit crop output as Indian farmers are primarily dependent on rains for irrigation
The slowdown in the rural economy can intensify if monsoon rains continue to be weak and uneven in their spread. Successive years of below normal rains and credit crunch have already hit private consumption, reflective in the deceleration in sales of automobile and consumer goods.
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