India News: NEW DELHI: India is expected to see a normal monsoon in 2024, private weather forecasting agency Skymet said on Tuesday, promising some respite after .
Cyclone Hamoon led to a weak northeast monsoon onset and this was one of the major contributors to the poor rainfall seen in southern peninsular India, IMD officials said.
El Nino, characterized by warmer Pacific Ocean waters near South America, significantly influences global weather patterns, impacting food production, water resources, and overall well-being.
The World Bank has kept India s growth forecast unchanged at 6.3% for FY24, citing investment as a significant driver. However, it has revised its inflation projection to 5.9% from 5.2%. It also notes that inflation is likely to spike more than expected due to abnormal rainfall and the concern over oil prices.
India Inflation News: The World Bank has kept India s growth forecast unchanged at 6.3% for FY24, citing investment as a significant driver. However, it has revised its inflation projection to 5.9% from 5.2%. It also notes that inflation is likely to spike more than expected due to abnormal rainfall and the concern over oil prices.