2024 abundant monsoon rains revive Indian hinterland stocks, boosting motorcycle, farm-equipment, and FMCG sectors.
Indian stocks linked to the country's hinterland are reviving as traders bet on improved crop yields and increased rural demand due to abundant monsoon rains in 2024. Motorcycle manufacturers, farm-equipment makers, and fast-moving consumer goods producers have seen a rally, with the Nifty FMCG Index rising 1.5% in May. This comes after extreme and unseasonal heat negatively impacted Indian agriculture in the last two years.
May 18, 2024
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