By Siddharth Verma The monsoon season is a much-vaunted fixture of the Indian social calendar unleashing celebrations as the rainfall brings relief from the summer heat. It's also seen as a key fixture in the economic calendar. Mercifully, the Indian Meteorological Department (IMD) in April predicted monsoon rainfall would likely be above normal levels, and fairly evenly distributed throughout the country. The government subsequently mooted an upgrade of its growth forecasts, citing the prospect of lower interest rates thanks to easing food-price inflation. The development underscores the importance attributed to the monsoon season in shaping the output of India's agricultural sector as well...
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