The monsoon is crucial to the farm business, the downside effect of its delay will be evident in the agricultural component of the GDP data.
Agricultural output typically represents less than 20% of the country's GDP compared with service-related sectors which account for more than 50%,
It is expected that monsoons will revive over the next five days in central India. However,
the government is not taking any chances and has asked the 10 worst affected states to come prepared with their contingency plans to Delhi.
Monsoon has also been delayed over Bihar, Chhattisgarh, Jharkhand and southern Madhya Pradesh and south Gujarat.
But the Met Department has been claiming that the monsoon current is strengthening especially over the western coast. According to the forecast, the north-western region is likely to get deficient rainfall while monsoon is expected to be below normal in the north-eastern and peninsular India. Central India, which is yet to receive rains, is likely to have a normal monsoon.
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