Question

Answer the following question in about 125-130 words.
"Why is the Budget in India known as a gamble of Monsoon winds"? Discuss.

Answer 1

The climate of an area or region has a deep impact on its economy. In India life is primarily dependent on agriculture. Monsoon rainfall has an important contribution in providing a strong basis for its development.

When monsoon rains are timely and in adequate amount, agricultural production in the country increases and greenery is seen all around. But their failure leads to the drying of crops. If these monsoons arrive early then floods are caused. Due to their late-onset however, the crops cannot be sown in time and as a result, production decreases.

In this way, the economy of the country depends on agriculture and in turn agriculture is totally dependent on the monsoonal rains. That is why the Indian Budget is largely called the ‘Gamble of Monsoons’.