Business Standard

Monday, January 06, 2025 | 07:06 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Monsoon rains seen normal this year: CEA

Says inflation not expected to run up in the medium term due to unseasonal rains

Reuters New Delhi

Monsoon rains are expected to be normal this year, the chief economic adviser at the finance ministry said on Thursday.

Monsoon rains are vital for the farm sector, which accounts for 14% of the $2 trillion economy, as half of the country's farmland lacks irrigation. Weak monsoon rains have cut farm output in the past, stoking inflation.

Arvind Subramanian also said inflation is not expected to run up in the medium term due to the recent unseasonal rains, which have damaged over 10 million hectares (24.7 million acres) of crops.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 09 2015 | 11:15 AM IST

Explore News