With the monsoon season coming to an end, the country is likely to record “above normal” rainfall by September 30, despite the delayed emergence of La Nina. At the macroeconomic level, sufficient rain will help boost economic growth and keep inflation in check. With retail food inflation hovering above 8 percent for several months, higher kharif sowings and favorable international prices offer hope of easing inflationary pressures in the coming months. But changing rainfall patterns combined with the El Nino and La Nina cycles can cause problems. In this regard, climate-resilient agricultural practices, improvement of drainage systems and flood and drought management can go a long way in mitigating the effects of erratic monsoons, the top editorial points out. Read it here
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First publication: Oct 01, 2024 | 6:30 am IST