Time Bomb Ticking
• The volatility of agricultural growth in India has declined substantially over time: from a standard deviation of 6.3 percent between 1960 and 2004 to 2.9 percent since 2004. In particular, production of cereals has become more robust to drought. &*
• In a year where temperatures are 1 degree Celsius higher farmer incomes would fall by 6.2 percent during the kharif season and 6 percent during rabi in unirrigated districts. Similarly, in a year when rainfall levels were 100 millimetres less than average, farmer incomes would fall by 15 percent during kharif and by 7 percent during the rabi season.