India's monsoon rains 24% below-average in the week ended June 26: IMD

India's monsoon rains were 24% below average in the week ended June 26, the weather office said on Thursday, as the seasonal rainfall was scanty over central and western parts of the country. The rains are crucial for farm output and economic growth as about 55% of the south Asian nation's arable land is rain-fed, and the farm sector makes up about 15% of a nearly $2.

5-trillion economy that is Asia's third-biggest. The below-average rainfall has delayed sowing of summer-sown crop such as rice, soybean and corn and threatens.

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