Half of India under drought, food shortage will dwarf growth
Special Correspondent
Jul. 15, 2012

India will have area affected by a moderate or severe drought comprising 20-40% of total geographical area; rainfall deficiency in the entire country exceeds 40%.

Experts say the government may have to embark on a fire-fighting mission to meet any eventuality if the situation does not improve by tomorrow.

A lower farm output may itself not spell doom for the larger economic growth, since it accounts for only a little over 16 per cent of India’s GDP. But, it could be bad news in conjunction, given that the industrial growth has also been weak, at just 0.8 per cent in the first two months of this financial year. Even for June, the signs are not very bright, as merchandise exports declined 5.4 per cent and imports a whopping 13.4 per cent, year on year, in the month.

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