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Weak monsoon may weigh on rural demand, credit growth in coming months: S&P Global Ratings
A weak monsoon poses risks to India's rural economy and farm incomes. Sectors like agriculture and microfinance face significant challenges from reduced rainfall. Lower crop yields could increase food prices and dampen rural demand for goods. Hydroelectric power generation may decline, impacting energy supplies. Despite these concerns, India's financial system is expected to remain resilient.
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thehindu.com
Rural demand to come under pressure on deficient rains: experts
Scant monsoons have added to higher farm input prices after the geopolitical events and are expected to trump rural demand and push prices further up, according to expert analyses.
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economictimes.indiatimes.com
S&P flags risks to Indian microfinance lenders' $35 billion book
India's $35 billion microfinance sector faces fresh risks as weak monsoon forecasts and persistent inflation threaten rural incomes, increasing the likelihood of loan defaults.…
