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Monsoon rains 48% below average in past week

India`s farm sector accounts for 14 percent of its nearly USD 2 trillion economy.

Monsoon deficit down to 8%; pulses output to hit: Pawar

Monsoon, lifline of Indian agriculture, has revived in last one month but Karnataka, Maharashtra, Gujarat and Rajasthan continue to face deficit.

Scanty rains to escalate inflationary pressures: Crisil

Stating the deficient rainfall situation is similar to that of the 2009 drought, ratings agency Crisil on Thursday said the shortfall will have an adverse impact on headline inflation and push it beyond estimates.

Too early to reach adverse conclusion on monsoon: Montek

Allying apprehensions over the possibility of deficit rainfall this monsoon season, Planning Commission Deputy Chairman Montek Singh Ahluwalia Monday said it is too early to reach the conclusion that something adverse is happening.