industry to rebound in h2fy21 reportaccording to icra principal economist aditi nayar the forecast of a normal monsoon for 2020 comes as a relief amid the ongoing health crisis with its associated negative impact on economic activitya well distributed monsoon in conjunction with the abundant reservoir levels in seasonally adjusted terms should support a 3545 per cent agricultural growth in fy2021 nayar saidnevertheless the spatial and temporal distribution of precipitation will remain crucial for timely sowing and harvestingon april 15 the india meteorological department imd forecast a normal south west monsoon for the 2020 season with rainfall expected to be 100 per cent of the long period averagethese early developments bode well for rural demand supported as they are by accelerating fertiliser production up to february 2020 rbi governor shaktikanta das said in his address on april 17the robust growth of 213 per cent in tractor sales up to february 2020 as against a contraction of 05 per cent in aprilfebruary last year may provide an offset to farm labour shortages on account of the lockdown ians published on apr 26 2020 at 0108 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app indian economy economic growth auto sales indian monsoons indian consumption homenewsindustrymonsoon 2020 critical to shield india inc from rainy days