- The Reserve Bank of India monitors macroeconomic fundamentals, noting that El Nino poses downside risks to agricultural output.
- The Reserve Bank of India's actions, including rate cuts, are being influenced by global economic pressures stemming from the West Asia conflict and the potential impacts of El Niño on agriculture.
- El Nino and geopolitical costs from the Middle East are weighing on India's economic outlook, specifically impacting GDP growth and exports.
Indian businesses reported double-digit volume growth while closely monitoring El Nino's impact on the monsoon.
3 reports, 2 independent
Updated Sep 7
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What happened
Indian businesses reported double-digit volume growth while closely monitoring El Nino's impact on the monsoon.
Who's involved
What this event is mainly aboutKeep exploring
Part of
El Nino and geopolitical costs from the Middle East are weighing on India's economic outlook, specifically impacting GDP growth and exports.Also in this story
- Dabur reports on its Indian market growth story while facing headwinds from El Nino and Middle East supply chain disruptions.
- CRISIL analyzed India's industrial production growth, noting that El Nino and West Asia conflict risks are tempering economic output.
The entities involved
- India
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Marico
Indian consumer goods company
- FMCG sector weakness is currently impacting the stock prices of major companies including Britannia Industries, Tata Consumer Products, Marico, Radico Khaitan, Hindustan Unilever, and Varun Beverages.
- Several companies, including Parle Products, Marico, Dabur, and Britannia, are actively operating in the Middle East region, utilizing facilities in the UAE.
- El Nino
Related events
- India's economic outlook is being assessed, with growth estimates and agricultural production risks being reported since September 1st.
- RBI tightens policy amid inflationary pressures, while S&P Global Ratings upgrades India's growth forecast, influenced by El Nino.
- El Niño-linked weather patterns are straining India's power grid, which relies heavily on coal.
- IMD noted that El Nino impacts rainfall patterns crucial for agriculture in India.
- El Nino poses risks to Indian agriculture, while the West Asia crisis impacts the Indian economy, prompting analysis by SBI Capital Markets.