6 Oct 2016

Monsoon on normal level

The monsoon season is coming to an end and the IMD is forecasting that the final outcome will be 'normal' even if a little below the long period average overall. The slowdown in precipitation came too late to impair crop-sowing, so a bumper Kharif harvest is expected to boost rural consumer demand while the public sector pay awards do the same for urban consumption.  The effects of these factors are expected to be reflected in third quarter earnings and capacity utilization rates.

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