Search

Macroeconomic Insights

The Long & Short of It: India and the Monsoon Effect

The benefits of a good monsoon season flood through India’s agriculture-dependent economy—and this year the potential is greater than most says Goldman Sachs Research’s Tim Moe, given political shifts that could come with the 2019 general election cycle. Moe expects an incremental bias toward more spending on the rural economy, which combined with a good monsoon could drive growth in both India’s economy and key sectors of its equity market.