Economics
Water Could Make or Break Bets on China-Beating India Growth
- Fate of monsoon in focus after two poor annual rainy seasons
- Government outlays on affected areas could boost some stocks
A woman carries a pot filled with water on her head in the village of Shyampura in Tikamgarh, Madhya Pradesh, India, on Feb. 9.
Photographer: Prashanth Vishwanathan/BloombergThis article is for subscribers only.
Investors betting on India need the rain gods to smile.
The nation’s reservoir levels are three-quarters of the past decade’s average, a sign it can ill-afford a third year of poor rains. Water scarcity could hurt crops, push up prices and sap the economy -- further souring sentiment following a slide in the S&P BSE Sensex.