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Deficient monsoon risk rises, but macro impact on GDP expected to stay muted

As reported by Stocks-Markets-Economic Times
India's agricultural output and inflation face heightened concerns as the India Meteorological Department forecasts a stronger probability of deficient rainfall. However, the impact on agriculture GVA and overall GDP growth is expected to be limited due to a weakening correlation with rainfall over the past two decades, attributed to factors like increased irrigation and a growing share of non-crop sectors.
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