A weak monsoon could trigger a storm in India's economy
A weaker monsoon poses risks to India's rural economy and farm incomes. This could increase food inflation and slow down consumption demand in coming months
A weaker monsoon poses risks to India's rural economy and farm incomes. This could increase food inflation and slow down consumption demand in coming months.
Agriculture and related sectors face the biggest impact from below-normal rainfall. Microfinance institutions are more vulnerable than banks due to rural borrower exposure. Hydroelectric generation
may decline, but broader economic outlook remains supported.
The BriefWire