IDFC FIRST Bank Chief Economist Gaura Sengupta analyzes how El Nino and monsoon performance shape India's economic growth and inflation. While expanding irrigation and a growing allied sector have reduced agriculture's direct sensitivity to rainfall deficits, volatile weather and global pressures could still weigh on rural demand and push inflation higher.
IDFC FIRST Bank Chief Economist Gaura Sengupta analyzes how El Nino and monsoon performance shape India's economic growth and inflation. While expanding irrigation and a growing allied sector have reduced agriculture's direct sensitivity to rainfall deficits, volatile weather and global pressures could still weigh on rural demand and push inflation higher.
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