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Data▼ Bearish for Indian equities
India monsoon ends with 13% deficit; 15 states receive below normal rains
The brief
- India’s monsoon ended with a 13% rainfall deficit
- 15 states received below-normal rains; 313 of 741 districts were deficient or large deficient
- Rain shortfalls raise crop-supply and inflation risks for Indian agriculture and consumer-facing companies
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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 monsoon ends with 13% deficit; 15 states receive below normal rains