This year monsoon will boom Indian economy.
Wednesday - May 30, 2018 5:09 pm ,
Category : WTN SPECIAL
Monsoon brings good news for Indian economy.
MAY 30(WTN) - This time, if monsoon is good in the country, it will prove to be boon for the country's economy. Responsible for the 70 percent rain in the country, the South West monsoon has not waited this year and 3 days before the scheduled time it has knocked on the beaches of Kerala. As the monsoon is estimates ‘normal’ this time, so Indian stock market are witnessing a boom in the shares of monsoon-based companies.
The meteorological department estimates that the normal monsoon which has come three days before will prove to be a boon for this year's Kharif crop and also work to strengthen the country's economy. For your information, that the southwest monsoon accounts for 70 percent of the total rainfall in the country and proves to be a boon for the country's 2.5 trillion dollar economy.
Weather and agricultural experts say that normal and good monsoon increases the income of farmers, which leads to increase purchasing power in the rural areas of the country. Due to the monsoon’s being reached prior, farmers are encouraged to give priority to sowing of important crops like rice, sugarcane, maize, cotton and soybean. At the same time, in the case of a normal monsoon this crop enhances the income of the farmers with good yield.
Good farming in rural areas increases the purchasing power of farmers. This monsoon is important for the farmers, so the Kharif cultivation during this monsoon is the main source of their annual income. Selling of gold, cars, motorcycles, tractors, TVs, fridges, fertilizers, etc., in the rural areas, increased due to increased the purchasing power of farmers. So, on the expectation of good monsoon, the factories of the country increase their production capacity significantly. It is noteworthy that since the forecast of the normal monsoon by the meteorological department on April 16, companies of FMCG Sector are engaged in preparation.
Good monsoon remains responsible for the biggest decisions in the country's economy. Due to weak monsoon during the last three years, the RBI has avoided the idea of reduction in interest rates. The Reserve Bank has argued that due to weak monsoon, there is a possibility of rising inflation in the country. In such a situation, the reduction in interest rates has led to fear of inflation being uncontrolled. Therefore, this time the plea of central bank will be weaken due to normal monsoon and economic experts claim that after the normal monsoon, the path of reduction in interest rates will be cleared.
MAY 30(WTN) - This time, if monsoon is good in the country, it will prove to be boon for the country's economy. Responsible for the 70 percent rain in the country, the South West monsoon has not waited this year and 3 days before the scheduled time it has knocked on the beaches of Kerala. As the monsoon is estimates ‘normal’ this time, so Indian stock market are witnessing a boom in the shares of monsoon-based companies.
The meteorological department estimates that the normal monsoon which has come three days before will prove to be a boon for this year's Kharif crop and also work to strengthen the country's economy. For your information, that the southwest monsoon accounts for 70 percent of the total rainfall in the country and proves to be a boon for the country's 2.5 trillion dollar economy.
Weather and agricultural experts say that normal and good monsoon increases the income of farmers, which leads to increase purchasing power in the rural areas of the country. Due to the monsoon’s being reached prior, farmers are encouraged to give priority to sowing of important crops like rice, sugarcane, maize, cotton and soybean. At the same time, in the case of a normal monsoon this crop enhances the income of the farmers with good yield.
Good farming in rural areas increases the purchasing power of farmers. This monsoon is important for the farmers, so the Kharif cultivation during this monsoon is the main source of their annual income. Selling of gold, cars, motorcycles, tractors, TVs, fridges, fertilizers, etc., in the rural areas, increased due to increased the purchasing power of farmers. So, on the expectation of good monsoon, the factories of the country increase their production capacity significantly. It is noteworthy that since the forecast of the normal monsoon by the meteorological department on April 16, companies of FMCG Sector are engaged in preparation.
Good monsoon remains responsible for the biggest decisions in the country's economy. Due to weak monsoon during the last three years, the RBI has avoided the idea of reduction in interest rates. The Reserve Bank has argued that due to weak monsoon, there is a possibility of rising inflation in the country. In such a situation, the reduction in interest rates has led to fear of inflation being uncontrolled. Therefore, this time the plea of central bank will be weaken due to normal monsoon and economic experts claim that after the normal monsoon, the path of reduction in interest rates will be cleared.
