India’s Rains Leave Central Bankers Guessing: Andy Mukherjee

“After 200 years of canal building, less than 15 percent of Indian farmlands benefit from canal irrigation,” says Tushaar Shah, a principal scientist at the International Water Management Institute in Battaramulla, Sri Lanka. India can lessen the risk to the economy from monsoon failures by thinking small. A simple but effective strategy will be to provide incentives to farmers to recharge their wells, which they have traditionally used to pull water out of the ground, though not to put moisture back into the aquifer.

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Source: http://www.bloomberg.com/apps/news?pid=20601039&re