Southwest Monsoon IMD Update - Monsoon Likely To Exceed Normal In 2021: ICRA
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICRA Research Report
The pan-India rainfall was normal at 99% of long period average in June-July 2021, slightly lower than the mid-point of the Indian Meteorological Department’s second stage long range forecast for the entire season (101%, up /down 4%), with sub-par rains in the month of July 2021.
However, the rainfall has been highly uneven so far.
More than 40% of sub-divisions have witnessed either deficient or large deficient rainfall in first half of monsoon season; nearly a quarter have reported large excess.
IMD expects H2 monsoon rainfall to be normal at 95-105% of LPA, with a ‘tendency to be in the positive side of normal’.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.