- India's vital monsoon season is expected to deliver below-normal rainfall through September, deepening stress on agricultural crops and electricity grids.
- Despite a pickup in rain during July, the gains were insufficient to offset the driest June in 12 years, leaving the country with a 13% cumulative deficit as of July 31.
- An intensifying El Niño weather phenomenon is contributing to the drier conditions across South and Southeast Asia.
Quotes
“India’s vital monsoon season is forecast to deliver below-normal rainfall through the rest of the season, deepening the stress on crops and power supplies, and adding to inflation risks.”