XPLANE: How Is Monsoon Predicted, Why Is Rain Important for the Economy?
The Reserve Bank of India has warned in its 'State of the Economy' report that a weak southwest monsoon could impact the country's economic growth and inflation forecasts.
According to the revised forecast issued by the India Meteorological Department (IMD) on May 29, 2026, rainfall from the southwest monsoon this year is likely to be below normal. This forecast regarding the mo…
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<p style="text-align: justify;">The Reserve Bank of India has warned in its 'State of the Economy' report that a weak southwest monsoon could impact the country's economic growth and inflation forecasts.</p> <p style="text-align: justify;">According to the revised forecast issued by the India Meteorological Department (IMD) on May 29, 2026, rainfall from the southwest monsoon this year is likely to be below normal. This forecast regarding the mo…
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