VERIFIEDET Markets·30 Jun 2026neutral

Below-normal monsoon won't derail rural demand, says Nomura's Mihir Shah

AI Summary

·Nomura's Mihir Shah expects a below-normal monsoon to have a muted impact on rural demand.
·Healthy reservoir levels and improved irrigation are anticipated to offset potential monsoon weakness.
·Urban demand is showing signs of a pickup, narrowing the rural-urban gap.