আমাদের কথা খুঁজে নিন

   

India monsoon forecast brings inflation hope



India's weather office yesterday forecast a "normal" monsoon this year that could boost food production and ease high inflation. The strength of the annual June-September downpour is crucial to hundreds of millions of farmers, and to economic growth in Asia's third-largest economy which gets 80 percent of its annual rainfall from the monsoon.Two years ago, rains 30 percent below the long-term average brought misery to farmers and caused economic growth to slow.Though the government forecast is far from infallible, it is considered the best estimate for the rains.The monsoon season "for the country as a whole is most likely to be normal," the weather office said in a statement Tuesday. Normal is defined as 96 to 104 percent of the average annual monsoon rainfall recorded in past years.India achieved record food grain output of 236 million tonnes after last year's rains, which were 102 percent of the long-term average.The weather office said there was a "very low probability" that the monsoon rains in 2011 would be "deficient".Tuesday's forecast comes as a relief to the Congress-led government which has been seeking to wrestle down inflation of nearly nine percent, driven by especially high food prices, and is facing key elections in five states.The rains, which spread from southern Kerala state in the first week of each June and blanket most of central and northern India by July, are vital to the economy of rural areas, where two-thirds of the 1.2 billion population live.Despite its flagship IT and outsourcing sector,agricultureremains a vital component of India's trillion-dollar economy asbumper crops put money in the hands of farmers who spend on carsand other consumer goods.

সোর্স: http://www.somewhereinblog.net     দেখা হয়েছে বার

অনলাইনে ছড়িয়ে ছিটিয়ে থাকা কথা গুলোকেই সহজে জানবার সুবিধার জন্য একত্রিত করে আমাদের কথা । এখানে সংগৃহিত কথা গুলোর সত্ব (copyright) সম্পূর্ণভাবে সোর্স সাইটের লেখকের এবং আমাদের কথাতে প্রতিটা কথাতেই সোর্স সাইটের রেফারেন্স লিংক উধৃত আছে ।