-Livemint
If the IMD forecast of below normal monsoon comes true, the Mint index of rural distress is likely to rise to its decadal high
Indian farmers are trapped in a new cycle of distress, and the first monsoon forecast by the India Meteorological Department (IMD) released on Wednesday indicates the rains could play truant for the second year in a row.
A Mint index of rural distress—based on the growth of farm output, rural wages and tractor sales—has been rising over the past few quarters, and is a hair’s breadth away from its four-year peak. If the prediction of below-normal monsoon comes true, the Mint index of rural distress is likely to rise to its decadal high.
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