India likely to receive below-average monsoon rains in 2026

The projection of below-average monsoon rains in India for 2026 could have notable implications for agricultural output and food inflation, particularly in a country heavily reliant on monsoon patterns. This forecast may weigh on commodity prices such as grains and pulses, raising concerns around food security and potentially prompting changes in fiscal or monetary policies if the situation deteriorates. Investors might want to monitor how this develops, as it could impact broader risk sentiment as well.