If a weaker monsoon impacts the output of crops, then higher food prices will feed quickly into inflation, a risk that is too real to be ignored. (AI image) India, backed by its strong domestic growth story, is the world’s fastest growing major economy. Which is not to say it is without its vulnerabilities. The…
NEW DELHI: Private weather forecasting agency, Skymet, on Tuesday predicted ‘below normal’ monsoon rainfall this year amid risk of El Niño whose impact is expected to develop increasingly during the second half (Aug-Sept) of the four-month season, beginning June.If that happens, India’s farm sector, which is already staring at the possibility of high input (fertiliser…
AI image (Picture credit: OpenAI via ChatGPT) Arctic sea ice is on track to record one of its smallest winter peaks since satellite monitoring began four decades ago, raising fresh concerns about climate change and its geopolitical implications, according to data reviewed by news agency AFP.Figures from the National Snow and Ice Data Center show…