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Charts: Second worst June rainfall in more than 50 years but here's why it's not a worry yet

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Charts: Second worst June rainfall in more than 50 years but here's why it's not a worry yet

FP Archives • June 27, 2014, 10:08:15 IST
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Charts: Second worst June rainfall in more than 50 years but here's why it's not a worry yet
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As per last IMD forecast, India would get rainfall of 93% below LPA this year. However,in this deficient rainfall scenario, above average river storage levels is a relief. The chart below shows that most Indian rivers are flowing substantially above their average storage levels. As of 19 June 2014,Ganga, Rivers of Kutch & Godavari are flowing at 207%, 152% & 116% of their 10 year avg respectively and their levels have increased substantially since March. Only Southern rivers, Krishna & Cauvery continue to remain a concern as they are flowing at -69% & -29% of their avg. Source: Edelweiss
Except South-India, all reservoirs are currently having water stock above normal levels. Hence, most reservoirs barring South India are sufficient as of date. Source: Edelweiss
Also adequate food grain production and enough buffer stock may aid in bringing inflation under check.
Lastly India is producing higher amount of rice & wheat which has led the government to accumulate sufficient amount of buffer stock. For example, rice buffer stock is at 32mn tonnes- much higher than the targeted buffer and way ahead as compared to the previous three drought seasons.
Written by FP Archives

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