The India Meteorological Department (IMD) today, 17 April 2009, forecast a near-normal monsoon in this year, raising prospects of bumper harvests. The IMD said rainfall in the June-September 2009 monsoon season is expected to be 96% of the long-term average.
The outlook is among the nation's most widely watched indicator as monsoon rains are a major influence on output of key crops, economic activity and also affects sentiment in the country's financial markets.
The outlook is among the nation's most widely watched indicator as monsoon rains are a major influence on output of key crops, economic activity and also affects sentiment in the country's financial markets.
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