A report published by the NGO, Greenpeace, has warned that the Indian monsoon, which is vital in the country's agriculture, could be significantly affected by climate-change.
The study, titled 'Monsoon Wager: Climate change and the Indian Monsoon', says: "The stability and predictability of the monsoon are critical to India's economy, society and ecology, and changes in the monsoon will have far-reaching social and economic impacts." The predictions made by the Intergovernmental Panel on Climate Change (IPCC) in the 4th Assessment Report suggest that warming is likely to be above the global average for South Asia, with an increase in summer rainfall and an increase in the frequency of intense precipitation in some parts.
A disruption of the delicate balance of the monsoon is enough to upset the lives of millions, including farmers, city- dwellers and share traders, the report pointed out. The report, prepared after compiling recent climate-change findings, was released on the eve of the World Environment Day.
India, which is yet to experience a major catastrophe caused by climate-change, is prone to extreme rainfall and winds that result in tropical cyclones. Though the rainfall would increase by an overall 20 percent in the summer monsoon, it will not be spread evenly across the country," the study says.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.