According to private weather forecasters, El Nino is likely to play a role again, leading to rainfall slightly below the average this year.
The first India Meteorological Department (IMD) forecast for the 2017 southwest monsoon, which accounts for about 70% of the country's annual precipitation, is expected on Tuesday.
"Above normal" monsoon is between 104-110% of the LPA and anything beyond 110% is considered "excess". IMD issues another updated forecast in June. There is almost 38% probability of mere normal rainfall in India in 2017.
Bloomberg reported that India's 6.97% 2026 government bonds were trading at 6.85% afer IMD's announcement as against 6.89% earlier in the day.
Falsely labelled pills found in investigation into the death of Prince
Authorities also searched Johnson's cellphone records, to see who he was communicating with in the month before Prince died. "Dr. Just six days before he died, Prince fell ill on a plane and made an emergency stop in IL as he returned from a gig in Atlanta.
Monsoon 2017 will be qualitatively 96 percent of long-period average (LPA), with a model error of plus or minus 5 per cent, IMD said.
"India is in for a normal monsoon which will be good for agriculture and economy", KJ Ramesh, the director general of IMD, told reporters in the long-range forecast for 2017. In the last bi-monthly policy review on April 6, the Reserve Bank of India had said, "Since the February bi-monthly monetary policy statement, inflation has been quiescent".
The date of the monsoon's onset into Kerala will be announced in late May, he added.
Comments