In India, El Niño is often associated with weaker southwest monsoon rainfall, higher temperatures and prolonged dry spells in several states. A deficient monsoon can reduce agricultural output, lower reservoir levels & increase food inflation. It can also affect rural incomes and raise electricity demand as temperatures climb, making it an important factor for both policymakers & investors
https://news.abplive.com/business/super-el-nino-2027-global-markets-india-monsoon-inflation-stock-market-climate-risk-1851690
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