India Worries Monsoon Will be Late

Amid a gloomy economic outlook as growth in Asia's third-largest economy skids to a nine-year low of 5.3 percent and with inflation rising to nearly 7.6 percent in May, India’s interest in the annual monsoon is bordering on paranoia. The Indian Meteorological Department predicted that the monsoon would set in over southern Kerala on June 1, give or take four days. But with the rains still lagging in most parts of the country nearly at the end of June, alarm bells have started pealing.

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