Why any monsoon revival from now on is just too late to prevent GDP and Agricultural Growth from slipping into the red

According to an ASSOCHAM study, with every one per cent deficit in rains, the country's gross domestic product (GDP) falls by 0.35 per cent. In monetary terms, a 10% deficiency shaves off Rs 360,000 crores from the country's GDP hurting lakhs of jobs, mostly in the unskilled sector.

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