El Nino Threatens 2026 Monsoon: Skymet Warns of Economic Impact

• Skymet expert Jatin Singh warns of a 60% chance of El Nino developing in 2026, potentially leading to a weak monsoon in India.
• A weak monsoon could severely impact India's economy, affecting agriculture, increasing food prices, driving inflation, and slowing GDP growth.
• The stock market would see losses in sectors like FMCG, Auto, and Agri-input, while IT, Power, and Defence sectors might benefit.
• Past El Nino years have shown varied monsoon outcomes, with some experiencing normal rainfall despite El Nino conditions.
• While an early warning, the government's improved management tools and a balanced approach for investors and the public are advised.

Why It Matters: El Nino in 2026 could bring a weak monsoon, impacting India's economy; early warning for preparedness.