The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Nation

Reports claims the risk to the economy has increased because a below-normal monsoon is predicted

by TLAteam April 12, 2023April 12, 2023
written by TLAteam April 12, 2023April 12, 2023
Reports claims the risk to the economy has increased because a below-normal monsoon is predicted

According to a report by Motilal Oswal Financial Services, a below-normal monsoon, which irrigates more than half of India’s farmlands, poses an additional risk to the economy, raising concerns about food production and the ability of the rural economy to thrive.

Business News

Skymet predicts that the upcoming monsoon will be 94% (with an error margin of +/- 5%) of the long-term average of 868.6 mm for the four-month period from June to September this year, despite the El Nino threat. According to Motilal Oswal Financial Services, an analysis of Skymet’s rainfall predictions for the month of April does not inspire confidence.

Actual rainfall over the last five years has been either much higher or much lower than Skymet’s initial predictions. The difference ranged from a 9.4 percent shortfall in 2018 to an 18.2 percent surplus in 2019. Thus, actual rainfall has been 4.6 percent higher than Skymet’s April projections on average.

The India Meteorological Department (IMD) has yet to issue its monsoon forecast, but it is expected to do so soon (it was announced on 14th April last year). Nonetheless, the IMD predicts above-average temperatures this summer.

The Centre predicts a normal monsoon this year: The India Meteorological Department (IMD) said on Tuesday that the country will experience normal rainfall during the monsoon season, with a 67% chance of normal to above-normal rainfall this year. M. Ravichandran, Secretary in the Union Ministry of Earth Sciences, stated that the country will receive normal rainfall during the Southwest monsoon season.

He also stated that there is a 96% chance of a long-period average of around 87 cm. Farmers may be relieved by the government’s forecast, even though private weather forecaster Skymet predicted “below normal” rainfall during the monsoon season between June and September on Monday, attributing the shortfall to a strengthening El Nino phenomenon.

According to the report, the likelihood of El Nino is increasing, as is the likelihood of it becoming the dominant category during the 2023 monsoon. Rainfall is expected to be scarce in the country’s northern and central regions. Gujarat, Madhya Pradesh, and Maharashtra are expected to receive insufficient rain during July and August, while Punjab, Haryana, Rajasthan, and Uttar Pradesh are expected to receive less than normal rain during the season’s second half.

AhmedabadAhmedabad cityAhmedabad newsGujaratGujarat newslatest news
0 comment
previous post
DMK in Gujarat Extended
next post
Ahmedabad to get the second elevated corridor, from Ujala Circle to Vishala Junction

You may also like

Toll Fee Reduced on NH Flyovers, Tunnels by...

July 5, 2025

CBI Busts Medical College Bribery Racket: 34 Booked,...

July 4, 2025

Japan’s ‘Baba Vanga’ Prediction Sparks Buzz as 5.5...

July 3, 2025

Passport Seva 2.0 Explained: How to Get an...

July 3, 2025

Centre Plans Major GST Relief for Middle Class,...

July 3, 2025

SEBI Opens 6-Month Window for Re-Lodging Old Share...

July 3, 2025

Ramayana Yatra to Begin on July 25, Pilgrims...

July 3, 2025

Water Levels Cross Warning Mark at 11 River...

July 2, 2025

Milind Soman Completes 600-Km Mumbai-Goa Challenge in 5...

July 2, 2025

No Link Between COVID Vaccine and Sudden Deaths,...

July 2, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • Toll Fee Reduced on NH Flyovers, Tunnels by Up to 50%

    July 5, 2025
  • Gujarat Schools to Set Up ‘Sugar Boards’ Amid Rising Diabetes Cases in Children

    July 5, 2025
  • AMC Proposes Hike in Stray Dog Sterilisation Cost to ₹1,650 per Dog

    July 5, 2025
  • A Salute to Student Leadership: KFS Ghatlodia Investiture Ceremony Shines Bright

    July 5, 2025
  • H&H Aluminium Pvt Ltd inaugurates India’s Largest Solar Panel Frame Plant in Rajkot, Gujarat

    July 5, 2025
April 2023
MTWTFSS
 12
3456789
10111213141516
17181920212223
24252627282930 
« Mar May »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.