Allaying apprehensions over the possibility of deficit rainfall this monsoon,Planning Commission Deputy Chairman Montek Singh Ahluwalia today said it was too early to reach the conclusion that something adverse is happening.
“…as of now,there is no reason to reach the conclusion that something adverse is happening,” he replied when asked about deficit rains that can hit economic growth.
Monsoon has missed its date this year with the granary states of Punjab and Haryana.
“It is true that monsoon is late… may be a week to 10 days late. Just because the monsoon is one week late,it does not mean this will have a hugely negative effect,” Ahluwalia said.
India’s crucial monsoon rains have been 31 per cent deficient so far but the weather office has forecast increase in rainfall for the peninsular region and fall in temperatures for the northern region over the next four days.
The country has received 119.3 mm rainfall,as against the normal of 172 mm,since its onset last month till July 1,as per the data released by the weather office yesterday.
“Actually it is not (about) the date of the onset of monsoon,it is over all level,distribution over the next four months. You can have a situation where the monsoon is one week late or 10 days late,but then it is healthy,” he added.