Impact of Monsoon on our Economy

India is rich in agriculture has really affected the way how India earns. Agriculture in India contributes more than 15% of India’s Gross Domestic Product which means it highly affects the economy of India. The farmers and agricultural land in India depend upon the monsoon directly. Farmers of India rely basically on the wet months of monsoons to grow crops. The small amount of drift or changes in the rainfall make a major effect on the economy, as a matter of fact, the consequences may be large because of small changes in rainfall.  Being a rich producer of wheat, rice, and vegetables, cotton, and tea it helps in the financial fraction of the country really well and uses more land for agriculture than any other country.

In India rainfall have high implications on agricultural land and the Indian economy. Approx 215 million acres of land is used for agriculture in India. Some of the years are proof that how low rainfall has made the crops die and how the economy suffers when the crop fails because of little rain.  The agriculture sector being the widest area of Indian citizens to work directly affect their income and livelihood which are the straightaway the part of the economy. The record of the last 20 years has been traced and is proof of the further generation of hydroelectric power from the monsoon. So, not only its effects agriculture but also contributes to power generation and helps in the development of the economy. On the other hand, if we talk about the high scale monsoon it has implied, as floods in the various regions like Bihar which have negatively affected the agricultural land through soil erosion and landslides.

If we collectively take the data then it is proved that 42% of total employment is dependent on the agriculture sector. This is proof that how directly any high or low in weather can affect the employment and economy of our country. Major crops sowing months occur in June which is a highly critical month of monsoon arrival in which 49% of Kharif crop sowing is done. January-March 2019 period is proof of how the Indian economy plunged to 5.8% as compared to 2018 which was 6.6% due to the poor performance of the agriculture sector in the vulnerable monsoon weather. 

Around 55% of India’s arable land depends on rain and monsoon season holds a big hand to it which is linked to the economic sector of the country. It is said concluded that “The overall Indian economy relies mostly on monsoon, the raindrops sprinkle the agricultural production and hence, improve the economy.”