04-October-2026
Economy News
 
Weakest monsoon since 2015 prompts ICRA to cut FY27 farm growth forecast
03-Oct-2026

Southwest monsoon rainfall fell to 87 per cent of the long-period average in 2026, the lowest since 2015, prompting rating agency ICRA to cut its agriculture, forestry and fishing growth forecast for the fiscal year to about 1 per cent from 1.3 per cent. The deficient and uneven rains have already weighed on kharif sowing, which was 1.2 per cent below year-earlier levels by end-September, while depleted reservoir levels raise concerns over the upcoming rabi season, particularly in southern and some northern states, ICRA said in its monsoon wrap-up.

News Source:- https://economictimes.indiatimes.com/news/economy/agriculture/weakest-monsoon-since-2015-prompts-icra-to-cut-fy27-farm-growth-forecast/articleshow/134638319.cms