The week in charts: Slow kharif sowing, capex caution, clean energy milestone
Kharif sowing in India is lagging significantly, with only 35.08 million hectares sown by July 3, a 20.7% decrease from last year, due to delayed monsoon and a 40% rainfall deficit in June. The International Monetary Fund (IMF) has also revised India's FY27 GDP growth forecast down to 6.4% from 6.5%, attributing this to rising energy prices. As the monsoon progresses, concerns over crop yields and economic growth remain heightened.