FILE PHOTO - Women plant rice saplings at a paddy field in a village in Nagaon district, in the northeastern state of Assam, India, July 3, 2018. REUTERS/Anuwar Hazarika/File Photo
MUMBAI (Reuters) - India's monsoon has progressed more slowly than usual after hitting the southern state of Kerala nearly a week late. Monsoon rains have been 44% lower-than-average so far in June, delaying the sowing of summer-sown crops and raising concerns that parts of the country could face a worsening drought.
This shortfall could have a major impact on consumer demand, the overall economy and financial markets.
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