13-08-2014 04:24 AM | India

India cuts monsoon rains forecast but says no drought

India on Tuesday forecast June-September monsoon rainfall to be 87 percent of the long-term average, but saw no evidence of a drought, giving some reassurance to government officials worried by the risk of a surge in food prices.

The latest forecast, given by Earth Sciences Minister Jitendra Singh, was a downward revision from a previous forecast of 93 percent given at the outset of the monsoon in June, but was nowhere near as bad some farmers had feared.
Full Story : Reuters India