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Conversations with Mr. Arun Thukral, MD & CEO - Axis Securities
Jun 30, 2016
The monsoon has arrived, albeit with a delay of 10 days (approx.) but is catching up fast. The Nino 3.4 index has turned negative & approaching -0.50C - the threshold value below which the El Nino (phenomenon responsible for past 2 monsoon failures) will get neutralized. The country-wide seasonal deficit of ~12% has been reported for first month of monsoon but it is fast recovering. The weather agencies have forecasted for delayed start for monsoon & copious rains in the coming months viz., July-September. Good & evenly distributed rainfall will play a major role in improving the rural consumption & alleviate the rural distress. Coupled with the pay commission award disbursals, improving rural economy could spiral into improvement of consumer demand across segments.
I welcome your feedback on our research, products and services. You can directly share your experience with me at arun.thukral@axissecurities.in
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