Meteorologists have predicted that El Niño conditions are set to dissipate by this summer, perhaps even by June, raising hopes of a bountiful Indian monsoon in 2024. After below-average cumulative rainfall and a warm 2023, various national weather forecasting agencies now expect this see-saw of the Pacific Ocean to turn neutral by April-June and then start developing into La Niña, the opposite condition. As geography dictates and experience shows, this switch implies a shift from a relatively parched Indian subcontinent to a wetter one. So, if the latest forecasts turn out to be accurate, it would raise the probability of rainfall that will favour healthy farm harvests, keep food prices in check and aid India's central bank in keeping control of the rupee's internal value by ensuring that it does not lose its purchasing power at an annual rate that departs from a preset 4%. In other words, we have good economic news from the other side of the globe.
Esta historia es de la edición February 13, 2024 de Mint Mumbai.
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Esta historia es de la edición February 13, 2024 de Mint Mumbai.
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World Bank calls for reforming skills training in India
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COP29's $1.3 tn fund plan disappoints Global South
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Jaguar rebrand is pink, diverse and doesn't feature any cars
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Services up as manufacturing slows in Nov
The HSBC Flash India Services PMI was at 59.2 in Nov from 58.5 in Oct; manufacturing PMI fell slightly from 60.4 to 60.2
MSMED may protect medium firms too
The Centre may consider including medium enterprises for the protection granted under MSME Development (MSMED) Act, 2006, to resolve payment disputes.
Europe boosts Indian textile exports in FY25
Demand for Indian handloom, apparel partly fuelled by Bangladesh crisis
RBI nudges banks to cut speculative bet in rupee
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