India, as we all know, is an agricultural country and nothing has changed for the primary growth sector which contributes hugely to the economy. Monsoons this year were great in India as it recorded some great rainfall number ever recorded but was it enough to help the agricultural sector give the boost it was meant to?
This year's rains were recorded as the highest of the last 25 years which should mean that the agricultural sector will be flourishing with the abundance of water essential to the smooth running of the country’s primary sector but that is not the case this year. The rains deliver the nations 70 percent of water supply. The monsoon is also critical for the wider economy. Farming makes up about 15% of the $2.5 trillion economies and employs more than half of the country's 1.3 billion people. With more rainfall than expected took place the crops were sown as per the late rainfall pattern that monsoon follows every year, but this year changed the course of the monsoon has resulted in the loss of many summer based crops that were due to be taken off. However, this means the nation has enough water surplus to boost its agricultural sector for the year 2020.
Winter sown crops could make up for the losses of the summer based ones as they are estimated to be planted and reaped in a record number this year. The analysts have stated that wheat might see the highest growth rate and the highest production in numbers. This could give the shaky economy a good base to get steady as the wheat exports can be brought into play and many other agricultural products can aid the economy where the industries and corporates are expected to fall short.
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