India’s Economy Gets A Lift From Falling Oil Prices, But Weak Monsoons Are Now The Key Risk
Published on: Wednesday 01 July 2026
Falling oil prices have dramatically improved India’s economic outlook, but the country’s biggest macro risk has shifted almost overnight. Sonal Varma, Chief Economist at Nomura, discussed in a recent Bloomberg segment that India’s outlook increasingly depends on whether this year’s monsoon delivers enough rainfall to support food production. If it doesn’t, a new wave of food inflation ... India’s Economy Gets A Lift From Falling Oil Prices, But Weak Monsoons Are Now The Key Risk
