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Data▼ Bearish for Indian equities
India's monsoon deficit widens to 12%; El Nino strengthens, positive IOD offers some relief: Report
The brief
- India’s monsoon deficit has widened to 12%, with stronger El Niño conditions raising rainfall concerns
- A positive Indian Ocean Dipole may partly offset the rainfall risk
- Weak rainfall could pressure farm incomes, rural demand and agriculture-linked companies
- Cement demand stronger than expected says CLSA’s Indrajit Agarwal, favours Ultratech
- Coromandel Intl, Paradeep Phosphates, And More: Fertiliser Stocks Face El Nino Test As Rabi Season Nears
- India sets foodgrain target below last year’s record output
- Centre's Captive Coal Push May Add 5-7 GW, Fall Short Of Peak Demand Surge
- Nepal plans to import up to 1,100 MW power from India this winter
India’s monsoon deficit and crop risks
India’s monsoon ended with a 13% rainfall deficit, with below-normal rains in 15 states and deficient or largely deficient rainfall in 313 of 741 districts. Maharashtra declared 265 of its 358 talukas drought-affected, while the FY27 foodgrain production target was cut by 2.63 million tonnes to 373.93 million tonnes amid El Niño concerns.
Wednesday, 30 September
- India's monsoon deficit widens to 12%; El Nino strengthens, positive IOD offers some relief: Report