India is well poised on economic, earnings fronts but will El-Nino play spoilsport?
The last time El Nino hit the world strongly was back to back in 2014 and 2015, with the impact of the second year being stronger.India had 12% lower rains in 2014 which led to almost 5% fall in grain production in 2015 at 252 MT. Interestingly 2013 (F2014) was a record production year for agriculture with the industry producing 265mt, which led to increase in inventory buffer.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
