# Explained: How is ‘below normal’ monsoon 2023 impacting India’s economy

> India's 2023 southwest monsoon ended with a 6% rainfall deficit, its first below-normal season in four years. About 31% of districts received less than normal rain, with six states recording major deficits during an El Niño year.

- Date: 2023-10-09 · published 2023-10-09T12:00:00.000Z
- Category: weather · region India · magnitude medium
- Page: https://feedsoft.ai/events/33579-explained-how-is-below-normal-monsoon-2023-impacting-india-s-economy
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weak monsoon rains reduce Indian kharif crop prospects, raising the likelihood of further export curbs and supporting rice and pulse prices globally.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2026-04-13 | [IMD Forecasts Below Normal South West Monsoon Rainfall in 2026, El Niño to Impact India’s Kharif Season](https://feedsoft.ai/events/19635-imd-forecasts-below-normal-south-west-monsoon-rainfall-in-2026-el-nino-to.md) | +2.8% | +9.5% |
| RICE | 2023-05-16 | [Explainer: Why El Nino is a concern for Indian monsoon rains?](https://feedsoft.ai/events/35897-explainer-why-el-nino-is-a-concern-for-indian-monsoon-rains.md) | -5.7% | +3.4% |
| RICE | 2026-06-02 | [India cuts foodgrains output target amid below normal monsoon forecast - The HinduBusinessLine](https://feedsoft.ai/events/18741-india-cuts-foodgrains-output-target-amid-below-normal-monsoon-forecast-the.md) | -0.2% | +2.6% |
| RICE | 2026-10-06 | [India's weak monsoon is over. Why its impact could stretch into 2027 - CNBC TV18](https://feedsoft.ai/events/17088-india-s-weak-monsoon-is-over-why-its-impact-could-stretch-into-2027-cnbc-tv18.md) | +4.5% | +7.4% |
| RICE | 2026-04-24 | [Explainer: How El Nino could impact the world's weather in 2026/27 \| Reuters](https://feedsoft.ai/events/19629-explainer-how-el-nino-could-impact-the-world-s-weather-in-2026-27-reuters.md) | -2.0% | +18.1% |
| CORN | 2026-06-02 | [India cuts foodgrains output target amid below normal monsoon forecast - The HinduBusinessLine](https://feedsoft.ai/events/18741-india-cuts-foodgrains-output-target-amid-below-normal-monsoon-forecast-the.md) | -4.9% | -8.5% |
| CORN | 2026-04-24 | [Explainer: How El Nino could impact the world's weather in 2026/27 \| Reuters](https://feedsoft.ai/events/19629-explainer-how-el-nino-could-impact-the-world-s-weather-in-2026-27-reuters.md) | +1.2% | +2.2% |
| CORN | 2023-09-30 | [India's monsoon rains hit five-year low due to El Nino](https://feedsoft.ai/events/34001-india-s-monsoon-rains-hit-five-year-low-due-to-el-nino.md) | +2.7% | +2.6% |

## Sources

- downtoearth.org.in: https://www.downtoearth.org.in/agriculture/explained-how-is-below-normal-monsoon-2023-impacting-india-s-economy-92183

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.