India Faces Double Whammy: Rising Oil Prices & Looming El Nino Threaten Economy

• Iran war pushes crude oil prices above $100/barrel, impacting India's 85% oil import dependency and inflation.
• US NOAA predicts a 62% chance of El Nino during India's monsoon season (June-August), potentially exceeding 80% later.
• Meteorologist M. Rajeevan confirms consensus among global agencies, including IMD, on El Nino's likelihood this year.
• El Nino historically causes weak monsoons in India, affecting agriculture, food security, and the overall economy.
• Government urged to prepare with better water management, increased irrigation, stronger food grain reserves, and rural incentives.