The Reserve Bank of India is facing a fork in the road for the first time since Governor Raghuram Rajan took office amid much fanfare and started targeting inflation as the central bank's primary mandate.
from India Insight:
India has cut this year's monsoon forecast to 88 percent of the long-term average, prompted by the El Nino climate phenomenon and raising fears of the country’s first drought in six years. This makes India’s agriculture sector vulnerable with nearly half of farmland lacking irrigation.
from Expert Zone:
(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)