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El Nino triggers food crisis fears and economic slowdown concerns in India

CNBC ·

NMR Nomura Holdings Inc ADR
$9.53 -2.56%
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  1. 1The India Meteorological Department reported that India recorded its lowest rainfall in 10 years.
  2. 2Nomura stated that the nationwide reservoir capacity deficit stood at 28% as of late September.
  3. 3Morgan Stanley estimated that the total value added of India's agricultural sector will grow by 1.6% in the fiscal year ending March 2027.

So what's the key point?

The India Meteorological Department reported that India recorded its lowest rainfall in 10 years.

Source CNBC · View original ↗

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