India's rainfall deficit narrows to 12%; however El Nino risks still remain ahead of August: Report
New Delhi, Aug. 4 -- With all-India rainfall deficit narrowing to 12 per cent along with increasing reservoir storage, there is an expectation of above-normal rains in Central and Western India in the near term, however El Nino risks still remain, as per a report by Dolat Capital.
Although rainfall coverage improved further during the week, the distribution of rainfall shifted across categories as per the report.
Share of the area recording deficient rainfall declined to 36 per cent from 40 per cent a week earlier, while areas witnessing large deficient rainfall remained nil.
At the same time, the share of areas receiving excess rainfall rose sharply to 11 per cent from just 1 per cent in the previous week. The area receiving normal ra...
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