The Indian monsoon, crucial for the agricultural economy, lasts from June to October and is influenced by various factors such as the El Niño Southern Oscillator, Mascarene High, and Indian Ocean Dipole. A good monsoon is vital for increasing agricultural output and farmer income, while previous two years of poor monsoons led to negative impacts on agriculture. Current conditions suggest a neutral outlook for the monsoon, with the Indian Meteorological Department forecasting 96% rainfall with potential corrections.