In a good news for farmers who are mainly dependent on monsoon, this year the country is expected to receive good rainfall. The India Meteorological Department has predicted that the South-West monsoon rainfall will be more than the normal in 2016. <br/><br/>Briefing reporters in New Delhi yesterday, Director General of IMD, Laxman Singh Rathore said that the monsoon rainfall is likely to be 106 per cent of the Long period average. In reply to question, Mr Rathore said this year the rainfall will be 6 per cent more than normal which was 14 per cent deficient in 2015. The country had received deficient rainfall in the last two consecutive years.<br/><br/>Indian Sugar Mills Association (ISMA) and Confederation of Indian Industry (CII) have welcomed the India Meteorological Department's prediction of above normal monsoon. The country is expected bountiful of rainfall after two straight years of drought. ISMA Director General Abinash Verma said revival of sugarcane crop in drought-hit cane growing states Maharashtra and Karnataka. <br/><br/>Fertiliser Association of India Director General Satish Chander said better monsoon will increase sowing area and eventually push sale of fertilisers. He added good monsoon will help farmers and overall agriculture economy. Edible Oil Industry body Solvent Extractors' Association said any increase in domestic output of oilseeds as a consequence of good rainfall would cut import bill of edible oils.<br/><br/>In a statement, CII Director General Chandrajit Banerjee said the prediction of an above-normal monsoon will be a great mood changer for industry, as revival of rural demand leads to a turn in the investment cycle. He said, this would take the economy to a higher trajectory of around 8 per cent growth.

In a good news for farmers who are mainly dependent on monsoon, this year the country is expected to receive good rainfall. The India Meteorological Department has predicted that the South-West monsoon rainfall will be more than the normal in 2016. <br/><br/>Briefing reporters in New Delhi yesterday, Director General of IMD, Laxman Singh Rathore said that the monsoon rainfall is likely to be 106 per cent of the Long period average. In reply to question, Mr Rathore said this year the rainfall will be 6 per cent more than normal which was 14 per cent deficient in 2015. The country had received deficient rainfall in the last two consecutive years.