Indeed the present drought in our country would affect our economy.India witnessed an overall growth of 7-8% in the last 2 years. This was mainly attributed to the focus of investment in different sectors by the government. Amidst the economic recession, the agriculture witnessed a growth of mere 1.2% as compared to 4.1% in 2008. As the country is seeing the back of recession and the industries emerging from a sluggish growth, an overall growth in the economy was anticipated. However, with no monsoons this season, and the rising inflation, the government officials have been left gasping for breadth. It seems a complete paradox however, that a nation growing at the rate of 7-8% does not even have an irrigation system that supports the sector in conditions of drought and that we are still majorly dependent on rains to ensure adequate food supply and proper functioning of the other industries. Agriculture employs 60% of people and its contribution to Indias GDP is just 17% as compared to ...more

..So far Country's economy is concerned , its going to be the only 5 % GDP growth !!!

So far as our day-today life is concerned , it is going to be worst affected....SUGAR..33 Rs....PULSES.....85 Rs...VEGITABLES....50 Rs/ kG...FRUIT....3 APPLES IN 100 Rs !!!

To a great extent