Rainfall Strikes Across India, But Is It Enough To Reverse The El Nino Impact? Experts Explain

India's monsoon has recovered from a 40% deficit in June to approximately 27% by July, providing relief but still below normal. While this revival offers hope for agriculture and rural demand, the El Nino phenomenon and delayed kharif sowing continue to pose risks. The impact on food inflation and GDP growth remains uncertain, with experts suggesting that while agriculture GVA may face dampening, the overall economy could still achieve around 7% growth if crude oil prices continue to fall. Water reservoirs remain at about 26% capacity, requiring careful management for agricultural and industrial needs.