Monsoon has a direct impact on India’s economy as well as various sectors. As per the predictions of IMD, this year, the Indian monsoon will be above average. With this, here are the top sectors that are likely to benefit from the monsoon.
Better crop yields with good monsoon and increased rural incomes are expected to revive rural demand. This benefits FMCG companies.
Automobile companies, specifically, tractor manufacturers and two-wheeler companies are likely to see increased demand due to better rural incomes and good demands.
The monsoon is crucial for the chemicals & fertilisers industry, and companies in this sector are expecting a revival in demand during the Kharif season.
Increased agricultural production and economic stability often result in improved loan repayment rates among farmers and boost the banking sector's performance.