Statsguru: Six charts explain why monsoon is so important for economy

An even more virulent second wave means that economic growth, income and employment will again depend on agriculture to a large extent

Topics
StatsGuru | Indian monsoon | Monsoon rains

Sachin P Mampatta  |  Mumbai 

In the second year of the Covid-19 pandemic, the monsoon rains shortly expected to hit India may have more riding on them than ever before. The rural economy was a saving grace for India’s 2020 gross domestic product numbers, which saw a rare recession not led by an agricultural shock. Three earlier ones in 1957-58, 1965-66 and 1979-80 were led by agricultural distress.

Agriculture was a key bright spot of growth in 2020-21. An even more virulent second wave means that economic growth, income and employment will again depend on agriculture to a large extent. The India ...

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First Published: Mon, May 24 2021. 06:10 IST
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