Ghanan ghanan ....


India is just believing that it is recovering from the financial crisis.

But one thing that has been supportive to India for the past couple of years may play the spoil sport.

It is the monsoons!

Being in Mumbai, where monsoons create a havoc because of their downpour, there is hardly any rain and we are already into the last week of June.

Already in Mumbai alone the rains are down by atleast 40% in the month of June and close to 70% of the reservoirs across India are running under deficit water.

If the situation continues then any respite to the GDP growth will evaporate with the hopes of the farmers.

Good monsoons add atleast 200-400 basis points to the GDP.

So all the eyes should be glued towards the skies and pray for the rain god!!

BTW, Saina Nehwal won the Indonesian badminton championship, making it the best performance by any Indian woman ever.


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