Indian Economy is agriculture driven economy, It contributes around 14.5% of GDP and employs 51% of the labour force, has got multiplying effect on industry and service sector performance. Monsoons directly impacts agriculture and in turn the Indian economy. In this research paper we have analysed the monsoon rainfall data for last 100 years by applying Mean, Standard Deviation, Coefficient of variance, ANNOVA and found that monsoon rainfall is too much volatile in Gwalior-Chambal Region. This volatility is increasing in recent past.