GK and monthly revision

Below-normal monsoon won't derail rural demand, says Nomura's Mihir Shah

Nomura's Mihir Shah suggests that despite concerns over a weaker monsoon, rural demand in India is unlikely to suffer significantly due to healthy reservoir levels and improved irrigation practices. The impact of El Niño is expected to be limited in the early season, which may help stabilize agricultural output. Additionally, urban demand is on the rise, indicating a narrowing gap between rural and urban economies, which is crucial for overall economic growth.