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National News

The Economic Times

National / The Economic Times

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Oil cools, monsoon heats up concerns for India's rural economy

The recent drop in crude oil prices is providing some relief from inflation worries. Yet, the unpredictable monsoon season poses a serious risk to the purchasing power in rural India. In light of this, businesses are reshaping their portfolios, recognizing that erratic rainfall can hinder agricultural profits and consumer spending. Optimism exists for a bounce-back if conditions change, but looming weather uncertainties threaten to disrupt corporate advancement.

29 Jun 2026 5:43 pm