La-Nina effect: IMD raises monsoon forecast from 99% to 103%
Shortpedia
Content Team
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The India Meteorological Department (IMD) recently increased the forecast for the 2022 southwest monsoon to 103% of the Long Period Average (LPA), up from 99.9%, as La Nina conditions are expected to prevail throughout the four-month monsoon season. This could boost economic growth by lowering the retail inflation rate, which reached a 95-month high of 7.8% in April.
