Monsoon : India's key

One of the major driving force for the growth of our country is the timely onset of Monsoon.As this happens to be in the month of June,it has a major impact on the movement of the stock market as well.Let's use this thread to track the movement of the Monsoon.
India's annual monsoon rains, crucial to its Economy, advanced to Maharashtra and looks set to move up to Gujarat, the weather department said in a statement.The monsoon rains hit Maharashtra on Saturday, three days ahead of the usual time of arrival.Conditions were favourable for the further movement of monsoon over some parts of Gujarat and remaining parts of Karnataka and Andhra Pradesh during the next 2-3 days.This is of course a gud +ve for the farmers and the investors amidst a barrage of bad news.
The four-month long monsoon season usually envelopes the entire country by mid-July, providing the main source of water for agriculture, which contributes about 17 percent to India's GDP. Good rains have helped Asia's third-largest Economy to grow 9 percent in the past three years.
The GDP growth of our country is directly linked to the Quantum of rainfall what we recieve in each year.If Monsoon fails then everything crashes.Thank God for the past three years we had a normal or gud Monsoon,which was pivotal for our 9%growth.
India Meteorological Department (IMD)`s long range forecast for the 2009 South-West Monsoon season (Jun.-Sep`09.) is that the rainfall for the country as a whole is likely to be Near Normal.
Quantitatively, monsoon season rainfall is likely to be 96% of the long period average with a model error of ± 5%. The Long period average rainfall over the country as a whole for the period 1941-1990 is 89 cm.
As a part of ongoing efforts to improve the long range forecast capabilities, experimental forecast for the 2009 south-west monsoon rainfall based on IMD`s dynamical forecast system was also generated. For this purpose, observed sea surface temperature data of March have been used.
IMD is going to update the above forecast in June 2009 as a part of the second stage forecasts. Separate forecasts for the monthly (July and August) rainfall over the country as a whole and seasonal (June-September) rainfall over the four geographical regions of India will also be issued soon.
Annual monsoon rains, vital for India's farm-dependent economy, have hit the country's southern coast raising hopes of early sowing of rice, oilseeds and cotton, the weather office said on Saturday.
The four-month monsoon season has begun earlier than the usual date of June 1, it said.
Early onset of monsoon, and forecasts of nearly normal rains, will help raise farm output, which may encourage the new government to lift curbs on rice exports, and allow futures trade in rice, which was banned amid fears of scarcity.
India's monsoon for the week ended June 10 was 37 percent below normal as the progress of the annual rains, crucial to the farm sector, stalled after an early start, the Meteorological Department said on Thursday.
For the week ended June 10, countrywide monsoon rainfall was 17.5 mm as against the normal rains of 27.8 mm, the weather office said on its website. here m The weather office divides the country into 36 zones for tracking rainfall. Monsoon rains were normal in nine areas and excess in two, while 21 zones recorded deficit to scanty rains.
The city got much-needed relief on Sunday as pre-monsoon showers drenched the roads, leading to a two-degree drop in temperature that, for a week, was hovering between 29 and 36 degrees Celsius.
The met department said the rains were a sign that the monsoon, which has reached up to Alibaug, is near. "These are just thunderstorms with rains in a few parts of the city. We cannot say that the monsoon has arrived in Mumbai as yet," said K Sathidevi, deputy director, regional met department. "In the interiors it has reached Pune and Solapur. There were showers in Thane district too."