The Indian economy is heavily dependent on agriculture and the livelihood of the Indian farmer largely depends on the Monsoon rains. Majorly 70 per cent of the Indian population depends on farming, either directly or indirectly. Around 58 per cent of the total employment in the country is through agriculture. Also, the agricultural sector in our country contributes to around 18 per cent of the GDP.
Southwest Monsoon in India is a four month long affair from June till September. More than 75 per cent of India’s annual rainfall occurs during this period itself. The fate of the Kharif crops depends on the performance of the southwest Monsoon. Good rains during the season result in bountiful crops which further benefit the farmers.
A major portion of the country’s crop area is completely dependent on Monsoon rains as they’re not equipped with methods of manual irrigation. The Indian economy gains due to good Monsoon rains in the country. On the other hand, weak Monsoon rains result in crop failure which affects the economy in a negative manner due to lower production. Later on, this translates into price-rise, low industrial output, and other issues.
More than anything else, the failure of Monsoon has a huge impact on the life of the Indian farmer. Most Indian farmers rely on good crop produce during Monsoon to earn their living and in order to overcome debts incurred. Crop failure and/or deficient rainfall is one big reason for mass farmer suicides across the country. This further cements the importance of Monsoon in an agrarian economy like India.
Mostly, Rice & other crops are planted with the first flush of rain (Kharif Season), which require 120 days to grow, if there is shortfall of rain or irregular rainfall, it will affect on the crops as well as the economy.
To overcome this problem & for better living, farmer should get trained & find out the new techniques of farming which require less water as well as less fertiliser or can choose organic farming method.