India is likely to receive normal monsoon rains this year, the state-run weather office said on Thursday, raising prospects of higher farm and general growth in Asia's third-biggest economy.
The rains, which usually lash the southern tip of Kerala state around June 1 and retreat by September, are expected to be 99% of the long-term average this year, the India Meteorological Department said in a statement.
The monsoon is crucial for the $2.7-trillion economy, as it brings nearly 75% of the rain needed by farms, besides replenishing reservoirs and aquifers. Key cotton, soybean and sugarcane growing regions in northern parts of peninsular India, central India, the foothills of the Himalayas and some northwestern areas are likely to get normal to above normal seasonal rainfall, the IMD said.
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