IMD cuts 2026 monsoon to 90% of LPA, flags El Niño risk to rural demand
Weak monsoon forecast with 60% chance of deficient rainfall threatens rural incomes, food inflation control, and FY27 demand for autos, consumer durables and sugar. Air conditioners and power utilities may see upside. Agri-GVA could slip below 1.5% in FY27.
IMD forecasts 2026 monsoon at 90% of LPA with 60% deficient-rain risk, threatening rural demand for autos, durables and sugar in FY27.
Forbes India · 5/29/2026, 1:37:22 PM · Ask about this →