MUMBAI Monsoon rains are expected to arrive on southern Kerala coast by June 7, about a week later than usual, the country's weather office said on Sunday.
MUMBAI India's gold demand could rise as much as 10 percent in 2016, even after falling 39 percent in the first quarter, as good monsoon rainfall and a sustained rally in gold prices boost buying, the World Gold Council (WGC) said on Thursday.
WASHINGTON India may grow at a faster pace this year if the latest predictions of higher rainfall in the country this year hold up, Finance Minister Arun Jaitley said on Wednesday.
"Monsoon has a big linkage effect on not only rural income but overall growth and inflation and if we have another sub-par monsoon, then contribution of farm sector to GDP will be near zero."
GAURAV KAPUR, Senior Economist Royal Bank of Scotland, Mumbai
"Fertiliser consumption will improve in 2016/17 season, especially due to better demand for winter-sown crops like wheat. Imports of fertilisers will not rise despite good demand as we have ample inventory. The drought had squeezed sales last year."
U.S. AWASTHI, Managing Director IFFCO, New Delhi
"I was expecting a lower monsoon forecast. However, this is just the first estimate and we need to see the second estimate, which will be closer to the monsoon time, for clarity on its impact on growth and inflation. I don't expect any change in RBI's policy stance based on this monsoon forecast as they have just lowered the interest rates and will wait the second round of forecast."
INDRANIL PAN, Chief Economist IDFC Bank Ltd, Mumbai