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India Monsoon Drought
- India’s monsoon is on track for its driest season in 17 years, with rainfall 15% below average.
- The India Meteorological Department says a strengthening El Niño is curbing June-September rainfall.
- Werner projects the national rainfall deficit will stay between 13% and 16%.
- Yuvika Singhal of QuantEco estimates each 1-percentage-point shortfall raises food inflation by about 25 basis points.
- The government allowed duty-free sugar imports and sold subsidised onions to ease food-price pressures.
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