The India Meteorological Department, IMD will issue its first official forecast for 2018 southwest monsoon rains in New Delhi today. It accounts for about 70 percent of the country’s annual precipitation. This is an annual event that sets the tone not only for agricultural production but also the manner in which the economy, stock markets, inflation and interest rates would move in the year. Monsoon rains is the lifeblood for India’s farm-dependent 2 trillion dollar economy. The June-to-September rains are vital for farming.
IMD issues various monthly and seasonal forecasts of rainfall for the southwest monsoon season. Operational forecasts for the southwest monsoon season rainfall are issued in two stages. The first stage forecast will be issued today and the second stage forecast will be issued in June. These forecasts are prepared using state-of-the-art Statistical Ensemble Forecasting system that is critically reviewed and improved regularly through in-house research activities.
According to a private weather forecasting agency the southwest monsoon is likely to be normal this year