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Июнь
2023

India is well poised on economic, earnings fronts but will El-Nino play spoilsport?

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The last time El Nino hit the world strongly was back to back in 2014 and 2015, with the impact of the second year being stronger.India had 12% lower rains in 2014 which led to almost 5% fall in grain production in 2015 at 252 MT. Interestingly 2013 (F2014) was a record production year for agriculture with the industry producing 265mt, which led to increase in inventory buffer.



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