Monsoon failure: Sowing lagging so far behind raising spectre of hyper food inflation, negative agriculture & GDP growth

The above table gives the area sown with various crops between June 1 and July 10, in million hectares.  The normal sowing window for Kharif crops is June 15 to July 15. Even if the monsoon gets its act together in a late revival, it is obvious that even if late and early maturing seeds are extensively used, the sowing gap is too large to be bridged. India is facing prospects of hyper food inflation this year which also inflate our food import bill. 

Read more: http://exitopinionpollsindia.blogspot.in/2014/07/monsoon-failure-sowing-lagging-so-far.html

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.

Read more: http://devconsultancygroup.blogspot.in/2014/07/why-any-monsoon-revival-from-now-on-is.html