Siddharth Zarabi & Rituparna Bhuyan / New Delhi July 26, 2008, 0:26 IST Storm clouds of a different kind are gathering on the macro-economic horizon and they have nothing to do with surging global crude oil prices. The monsoon has played truant across large parts of India, with western and southern India reeling under the impact of deficient and scanty rainfall (see chart). As of July 23, crucial crop-growing regions like Maharashtra, north interior Karnataka and Saurashtra and Kutch in Gujarat, among others, are bearing the brunt of deficient rainfall. The cumulative seasonal rainfall between June 1 and July 23 for the entire country has been 2 per cent below the long-period average. According to a Crisil analysis, Maharashtra, Karnataka, Andhra Pradesh and Gujarat are the worst affected. Crops like tur dal, groundnut,...
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