India's stock market faces a new challenge as a severe "Super El Niño" threatens the monsoon, impacting 56% of GDP tied to consumption. This follows a decade-low monsoon start, with rainfall deficits exceeding previous El Niño years. Analysts warn of domestic demand destruction, range-bound markets, and downgrades in consumer sectors, despite easing oil prices. The situation could strain rural incomes and government finances.

MUMBAI: Oil prices have tumbled enough for some analysts to lower India’s headline inflation forecast for the fiscal year, but uncertainty over the trajectory of monsoons is…

The recent drop in crude oil prices is providing some relief from inflation worries. Yet, the unpredictable monsoon season poses a serious risk to the purchasing power in rural…