"The National Council of Applied Economic Research has had a long association with the Ministry of Earth Sciences (MoES) in assessing the economic benefits of MoES’ initiatives for improving weather forecasts. This report is the fourth product of NCAER’s close collaboration with MoES." "The NCAER study finds that improvements in IMD’s weather forecasts have resulted in massive economic gain to households in rain-fed areas by allowing them to take appropriate action based on accurate weather advisories and avoiding losses that they would have suffered in the absence of timely weather warnings. The NCAER study covered farming, livestock rearing, and fishing households."