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Know about the Importance of Monsoon in India and how to relate between monsoon and GDP in India.
What is monsoon?
Traditionally, Monsoon is a seasonal reversing wind followed by subsequent precipitation changes, but it is now used to characterize seasonal changes in air circulation and precipitation related to land and sea asymmetric heating. The term monsoon is generally used to refer to the rainy period of a seasonally shifting pattern, although a dry phase is also theoretically available.
What is the relation between monsoon and GDP in India?
India is predominantly an agricultural economy, contributing 15% of India’s gross domestic product to agriculture (GDP). Past data shows a strong correlation between monsoon and the GDP growth rate of agriculture.
India is the biggest manufacturer of sugar, cotton, and pulses in the world. Also, the nation is the second-largest producer of wheat and the cultivation quality depends on the Monsoon season, which provides around 70 percent of the annual rainfall of the country. For the broader economy, the monsoon is also important. Farming makes up about 15% of the $2.5 trillion economy.
About half of the Indian cropland is irrigated by the south-west monsoon. Its arrival marks the beginning of the cultivation of rain-fed kharif crops that are heavily dependent on the monsoon; agricultural production determines the amount of rainfall.
Early showers allow farmers to begin planting essential crops such as rice, soybeans, cotton, and pulses. Normal rainfall is expected to help revive the industry and alleviate rural distress, with farmers reeling under stress due to low crop prices.
Although the monsoon at times destroys crops on the land, the rains always replenish reservoirs and groundwater reserves, which are good for India’s rural economy every year.
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What is different about rains in India?
India’s rains are mostly restricted every summer to the monsoon season. Hence, both variations in the summer monsoon impact the country’s agriculture and economy. The monsoon, in many respects, is the lifeblood of the farm-dependent economy of India.
During the monsoon season, India gets about 70 percent of its annual rainfall, which also affects the yield of some main Kharif or summer crops such as rice, pulses, and oilseeds such as soybeans. In June, with the arrival of monsoon rains, farmers begin planting these crops.
Around 50 percent of the total food production in India comes in the form of summer crops. A postponed monsoon can lead to problems with supply and even speed up food inflation. It can also lead to drought below the usual monsoon, which India experienced during the initial years.
However, the demand for FMCG goods, tractors, two-wheelers, rural housing is weakened by a poor monsoon season. It also pushes the government to spend on food imports as well as take steps such as waivers of farm loans.
How does a poor monsoon affect the economy?
A poor monsoon season can have a rippling effect on India’s economy and growth. A strong correlation between rainfall and agriculture GDP has been established by data analysis in past.
While the winds of the monsoon are irregular and unpredictable, they unify the whole world. The farmers patiently wait for rainfall to come. Rainfall provides the water that is required to set in motion agricultural activities. The celebration of festivals, singing, and dancing celebrate its arrival.
India’s rains are mostly restricted every summer to the monsoon season. Hence, all changes in the summer monsoon affect the country’s agriculture and economy. The monsoon, in many respects, is the lifeblood of the farm-dependent economy of India.
Normal rains will support the economy, which shows signs of recovery due to demonetization and the residual effect of GST taxation after slowing last year. Not only will it boost agricultural production, it will also boost market demand, which will help to keep inflation under control.
A strong monsoon brings economic prosperity to the entire country and boosts the Indian economy as agriculture contributes about 16% of GDP overall (Gross Domestic Product).
In order to maintain food prices, normal rainfall is important for appropriate agricultural production. The price of food depends on agricultural production. The whole nation could be destabilized due to food inflation in the absence of a good monsoon.
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How does monsoon impact social-cultural unity in India?
Monsoon also has a part to play in India’s social-cultural unity. The Indians, particularly the farmers, eagerly await the monsoon rains. We know that the monsoon winds provide water for different farming activities. The agricultural calendar and people’s social and cultural lives, including their festivals, revolve around the phenomenon of the monsoon.
To mark a good harvest, various harvest festivals in our country are celebrated, such as Bihu in Assam, Pongal in Tamil Nadu, Poonam in Kerela, and Lohri in Punjab. The whole country celebrates if the rainfall is healthy, and if the monsoon fails, it brings hunger and a year of sorrow for all.
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