The IMD said the monsoon has also moved to more areas of Chhattisgarh and Odisha, some parts of Gangetic West Bengal, remaining parts of sub-Himalayan West Bengal and some parts of Jharkhand.

"Conditions are favorable for further advance of southwest monsoon towards some more parts of Gujarat, remaining parts of Maharashtra, some more parts of Madhya Pradesh, Odisha, West Bengal, Jharkhand, Bihar and some parts of Uttar Pradesh during the next 3 -4 days," the IMD said.

This is good news for the economy as Kharif sowing, which had slowed down with the stagnant monsoon, will now accelerate.

This year, the onset of monsoon over Kerala was two days earlier than usual and over the northeast, six days earlier.

Thereafter, the northward advance of the monsoon was gradual and covered Kerala, Karnataka, Rayalaseema, Goa and Telangana; most of southern Maharashtra and some parts of Chhattisgarh, Odisha; most of sub-Himalayan West Bengal, Sikkim and all northeastern states by June 12.

However, the monsoon did not advance after that and the 'northern limit' of the monsoon on June 18 passed through Navsari, Jalgaon, Amravati, Chandrapur, Bijapur, Sukma, Malkangiri and Vizianagaram.

The monsoon plays a key role in the Indian economy, as more than 50 percent of the country's agricultural land depends on rain.

Monsoon rain is also crucial for recharging the country's reservoirs and aquifers, whose water can be used later in the year to irrigate crops.

India has become a key exporter of food grains but had to resort to curbing foreign shipments of sugar, rice, wheat and onions to boost domestic supplies and keep prices in check due to last year's erratic monsoon that affected the agricultural production.

Strong growth in the agricultural sector helps keep inflation under control.