Posted 4/15/2024, 11:59:46 AM
India Forecasts Bountiful Monsoon Rains, Boosting Crop and Economic Growth
- India forecasts above-normal monsoon rains this year, which should boost crop output and economic growth
- Good monsoon critical for irrigating half of India's farmland and helping control high food inflation
- Bountiful rains could prompt India to ease export curbs on crops like wheat and rice
- Strong farm output may lower domestic prices and ease pressure on poorer Asian nations
- Favorable weather likely to soften electricity demand, boost hydropower generation
