India to get below normal rainfall with precipitation less than 90% of LPA: IMD

India anticipates below-average monsoon rains this year, with precipitation expected to be less than 90% of the Long Period Average (LPA). This forecast, downgraded from an earlier prediction, raises concerns for agricultural production, particularly pulses and oilseeds, potentially impacting consumption and inflation. El Niño conditions are also developing, contributing to the forecast of reduced rainfall.