← Top stories
Data▼ Bearish for Indian equities
India’s monsoon rainfall falls 12.6% below average, lowest in over a decade
The brief
- Rainfall was 12.6% below the long-period average during the four-month monsoon season
- Rainfall shortfalls raise risks for agricultural output and rural demand, affecting farm-input and consumer 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 rainfall falls 12.6% below average, lowest in over a decade