Steps to improve governance, instill confidence in the government machinery and streamlining function across the different ministries are also important to feed the positive mood, the DBS report added.
The same development would benefit the progress of the north-east monsoon, also known as the 'reverse monsoon'.
Skymet expects a good monsoon over western and southern India.
The southwest monsoon has arrived in Mumbai 16 days before its usual date, making it the earliest arrival since 1950. This early onset follows the monsoon's arrival in Kerala, the southernmost state, on Saturday, marking the earliest arrival since 2009. The India Meteorological Department (IMD) predicts an above-normal rainfall for the 2025 monsoon season, with rainfall between 96 per cent and 104 per cent of the 50-year average of 87 cm considered 'normal'. The monsoon is crucial for India's economy, providing vital water for agriculture and replenishing reservoirs.
Monsoon revival over weekend likely, but second-half rainfall may be muted. If the rains become scarce after mid-August, the standing kharif crops might be impacted
Heatwave may abate over most parts of North India in next two days; temperatures likely to drop by 2-3C.
India is likely to see above-normal rainfall in the four-month monsoon season (June to September) with cumulative rainfall rainfall estimated at 106 percent of the long-period average (87 cm), he said.
Spurred by cyclone Remal, the southwest monsoon set in over the Kerala coast and parts of the northeast on Thursday, a day earlier than forecast by the weather office.
Domestic-focused agricultural chemical (agrochem) companies could face near-term headwinds, given the worries on the El Nio effect on monsoons, higher inventory, and pressure on margins. Some of these were reflected in the October-December quarter (third quarter, or Q3) results of companies and may impact them in the current quarter (fourth quarter, or Q4) as well. Nuvama Research pointed out that the sector witnessed mixed performance during the quarter as global agrochem and domestic fertiliser companies maintained growth momentum, while adverse agronomical conditions and excess channel inventory weighed on domestic market volume offtake.
The finance ministry on Thursday raised concerns over the possible impact of El Nio conditions on India this year, saying if recent forecasts came true, the country could see lower agricultural output and higher inflation. "Some meteorological agencies predict the return of El Nio conditions in India this year. "If these predictions are accurate, then monsoon rains could be deficient, leading to lower agricultural output and higher prices," the ministry said in its monthly economic review.
On May 15, the weather office had announced the onset of monsoon over Kerala by May 31.
June rainfall accounts for 15 percent of the total precipitation of 87 cm recorded during the four-month monsoon season in the country.
The planet experienced its warmest January on record last month despite the development of La Nia, a climate pattern that usually brings cooler global temperatures, the European climate agency said on Thursday. This comes on the heels of the Earth experiencing its hottest year on record in 2024, also the first to see global average temperatures rise 1.5 degrees Celsius above pre-industrial levels. According to the Copernicus Climate Change Service (C3S), January 2025 recorded an average temperature of 13.23 degrees Celsius, 0.09 degrees warmer than the previous hottest January (2024) and 0.79 degrees above the 1991-2020 average. Scientists also found that the Earth's temperature in January was 1.75 degrees Celsius higher than pre-industrial levels. Global temperatures have stayed above the 1.5-degree mark for 18 of the last 19 months.
India is likely to see above-normal maximum and minimum temperatures in most parts of the country in the March to May period, IMD director general Mrutyunjay Mohapatra said at a press conference.
Also, the monsoon this year may end up being the driest since 2015, which recorded a rainfall deficit of 13 per cent, they said.
The southwest monsoon season concluded on Saturday with India receiving 'below-average' cumulative rainfall -- 820 mm compared to the long-period average of 868.6 mm -- in an El Nino year.
Ten to 20 days of heatwave are expected against the normal of four to eight days in the entire April-June period.
India has received 20 per cent less rainfall since the start of the monsoon period on June 1, with the rain-bearing system making no significant progress between June 12 and 18, according to the India Meteorological Department (IMD).
Conditions were becoming favourable for further advance of the southwest monsoon over some more parts of the south peninsula and east India and adjoining areas between June 18 and 21.
Several global models are predicting El Nio to appear around the second half of the year, which are the crucial rain-bearing months.
Heatwave conditions have been prevailing in Odisha since April 15 and the Gangetic West Bengal since April 17, according to the MeT department.
The country can expect normal rainfall during the southwest monsoon season as a positive Indian Ocean Dipole (IOD) and a lower snow cover over the northern hemisphere are likely to counter the evolving El Nino conditions, the India meteorological department (IMD) said on Tuesday.
Lakhs of voters will have to bear the searing heat when they step out to exercise their franchise in the second phase of the Lok Sabha elections on Friday.
India is likely to experience below-normal monsoon rainfall this year, with a 20 per cent chance of drought due to the end of La Nina conditions and the potential for El Nino to take hold, private forecasting agency Skymet Weather said on Monday.
Scientists had earlier said the cyclone pulled the moisture and convection, impacting the intensity of the monsoon and delaying its onset over Kerala.
East and northeast India recorded 29 per cent rain deficit -- 141.5 mm against the normal of 199.9 mm -- from March 1 to May 3.
India is set to experience extreme heat during the April to June period, with the central and western peninsular parts expected to face the worst impact, the IMD said on Monday as the country prepares for seven-phase general elections from April 19.
Addressing a press conference virtually, India Meteorological Department Director General Mrutyunjay Mohapatra said September was likely to witness normal rainfall in the range of 91-109 per cent of the long period average of 167.9 mm.
The World Meteorological Organisation (WMO) has officially confirmed that 2023 is the hottest year on record by a huge margin, smashing global temperature records.
After a stellar run on the bourses that saw tractor stocks rise up to 52 per cent, analysts are turning cautious on the sector as muted demand trends may weigh in the near-term. Total volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak with VST Tillers, Escorts Kubota, and M&M seeing declines of 21 per cent, 5 per cent, and 3 per cent year-on-year (Y-o-Y), respectively, during the period, amid patchy rainfall, delayed crop harvest, and lower reservoir level. Across industry, total domestic sales volume so far in the current financial year (April '23 to January '24) has declined 5 per cent Y-o-Y, as per Tractor Manufacturers Association (TMA).
Deputy Chief Minister D K Shivakumar said the borewell in his house in Sadashivanagar in the state capital has gone dry for the first time. This happened despite the fact that Sadashivanagar is located next to Sankey Lake.
Several leading scientists, academicians, and agriculturalists have called for raising government support for research and development to make Indian agriculture future-ready.
Weather watchers said it can't be known till May whether El Nio will impact the monsoon or not.
Though the summer is expected to be hotter, global and domestic forecasts point to good rains.
India experienced its second-hottest quarter from June to August this year since 1970, with over one-third of the country's population enduring at least seven days of dangerous heat, according to a new report by a United States-based group of climate scientists and communicators.
The five warmest years in Indian weather history have occurred in the past 14 years -- the others being 2009, 2017 and 2010, in order of intensity.
Heatwave conditions are expected over northwest India during the next five days, with Punjab, Haryana, Rajasthan and Delhi predicted to bear the maximum impact, the India Meteorological Department (IMD) said on Thursday.
Total area impacted across India pegged at 18.9 mn hectares.
The heat wave is likely to impact parts of Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Punjab, Haryana, Delhi, Rajasthan, Madhya Pradesh, Jharkhand, Odisha and Gangetic West Bengal, the Met office said.
Monetary Policy- Easing expected to happen later this financial year.
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