Extreme heat is now compounding the challenges of rising fertiliser prices and deficient monsoon rains to undermine yields in Indian agriculture. Industry and services could be hit too; a surge in demand for electricity to power cooling devices at a time when the grid is already under strain due to shortages of liquified natural gas (LNG) – and possibly hydroelectricity too – raises the risk of power cuts and disruption to activity.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services