InvestorQ : Is India likely to get normal monsoons in the year 2022?
Arusha Ray made post

Is India likely to get normal monsoons in the year 2022?

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1 month ago
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The Indian Meteorological Department (IMD) already started off with an optimistic picture and has now become all the more optimistic. Now it has upgraded its monsoon forecast for the financial year FY22 from 99% of the Long Period Average (LPA) to 103% of LPA. Normally, a range of 96% of LPA to 104% of LPA is classified as normal monsoon, so it still remains as a normal monsoon only.

What is the reason for this upgrade? According to the IMD, the La Nina (the exact opposite of El Nino) conditions are expected to boost rains during the current monsoon. In terms of regional discrepancies, the IMD expects it to be as high as 106% of LPA in central and south India. Kharif crops like pulses and oilseeds are predominantly grown in central and western India. This should be of help to cool food inflation, which is sharply up in last few months.

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