It’s a very interesting topic to discuss about monsoon and
its influences in Indian Economy Monsoon is very broad term in the context of
economy. It not only influences the Indian Economy but also influence the life
of the country. In the following lines we are going to discuss about the
influences of monsoon on Indian economy as well as the life of India and we
will also focus the real estate market of Noida and Gurgaon. First of all it is
important to total GDP comes from Agriculture. The Indian Agriculture
completely depend upon monsoon. If monsoon in on time and good then whole
country celebrates while the failure of monsoon brings collapse the Indian
economy. As we know that 70% of the Indian population are working in agricultural
fields and such a high percentage of population definitely influence the
economy if monsoon fails.
If we talk about the real estate sector of Noida then we
have rich data which shows high demand of residential apartments in Noida due
to good monsoon and if monsoon fails then no buyers are available for new
launch in real estate projects. Indian economy has close bond with monsoon. So,
India’s prosperity completely dependent upon monsoon. Aditya City Apartments is
one of the fine destination for home seekers but due to failure of monsoon or
bad monsoon in India has brought this residential project under revision. The
company is unable to meet the required target but due to new initiatives in the
foreign policies of India , many people from corporate world are now buying
this project of NH-24. It is expected that in coming time this project will be completely occupied by corporate.
This project was earlier defined for the farmers but in later phases the things
became different occupied by corporate. So, we can get that how the failure of
economy influences the residential projects of Delhi-NCR.
If we talk on the different front then we find something new
on the failure of monsoon. Due to failure of monsoon , the erratic conditions
coming out in India. The farmers have got huge pressure of loan because the
failure of monsoon turmoil the economic conditions of most of the farmers and
compelled them to sale their lands to repay the loan amount. These sold lands
come to real estate developers and they develop townships. So, this way we can
see how the 70% population’s disaster brings the prosperity to handful number
of people.
So from the above mentioned facts reflects the status of
Indian farmers. Still the Indian agriculture is largely comes under organized sectors.
Government , NGO’s and other planning authorities are working on it and it is
because of lack of education , poverty, lack of awareness , this 70% population
is unable to come in the main stream. It is hoping that the new government
would take some initiative to bring this unorganized sector of economy to make organized.
The prosperity of Real estate projects of Noida and Gurgaon are ultimately
dependent upon the prosperity of farmers. It is viewed that when the
agriculture would reach on advance level in India then the number of investment
in real estate projects would increase and India will become developed country
of the world.
