IMD predicts above-normal monsoon for India this year, says rainfall likely to be higher than usual

India is expected to receive above-normal monsoon rains this season, according to the India Meteorological Department. This favorable forecast is anticipated to temper food inflation, boost rural demand, and drive growth in the FMCG sector to 11-12%. The absence of El Nino and favorable Indian Ocean Dipole conditions are expected to support a robust monsoon season.