India received 15% below normal monsoon rainfall this year: IMD
BusinessLine 1 hr ago·16 Oct 2026, 10:29 am
The India Meteorological Department said this year's southwest monsoon delivered about 15% less rain than the long‑term average. While coastal Goa recorded the highest rainfall at roughly 197 cm, the northern state of Punjab saw just 28 cm, one of the lowest totals nationwide.
The shortfall could tighten water supplies for irrigation, affecting sowing and yields of key crops such as wheat and rice. Lower agricultural output can pressure food prices and reduce rural consumption, which in turn may weigh on sectors like FMCG, auto and rural‑focused banks, potentially dampening broader market sentiment.
Investors should keep an eye on the next set of monsoon outlooks, the Ministry of Agriculture’s crop‑report releases, and any policy steps to support farmers or manage inflation. A rebound in rainfall or favorable crop forecasts could lift sentiment, while further deficits may sustain caution across the market.
Excerpt from BusinessLine
India received 76.86 cm rainfall between June 4 and October 15 when the south-west monsoon was active over the country, which is 15 per cent below its long period average of 90.63 cm, according to India Meteorological Department (IMD) data. The south-west monsoon, after its onset over Keralam on June 4, withdrew from…Read the original at BusinessLine
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