In an interview, Mohapatra said that while some regions in west and central India and pockets of northeast India may experience below-normal rainfall, it will not apply to the entire country. The comment comes amid concerns about slowing economic growth. The finance ministry on Tuesday flagged the downside risks to the official forecast of a 6.5% economic growth rate in FY24 because of elevated risks to the monsoon from the El Nino effect that could impact farm output and prices. Mohapatra said that El Nino is presently not severe but moderate and added that El Nino would likely develop by July, with its impact felt much later. He stated that IMD sticks to its 96% long-period average, normal monsoon prediction. Edited excerpts:
How will El Nino affect the monsoon and, subsequently, the water reservoir levels, in light of the latest data indicating a drop in storage levels in major reservoirs that has raised concerns about kharif crop prospects?
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