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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; 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Mumbai deluge eases water fears, signals monsoon wet spell into next week
Vinson Kurian · 2026-06-24 · via Economy News, Latest Economic News Today | The HinduBusinessLine
By Wednesday evening, intense thunderstorms (in dark red) drifted out from Mumbai to Madhya Pradesh and northern Maharashtra. Clouds rose tall over Bay of Bengal off Odisha-West Bengal coast as well.

By Wednesday evening, intense thunderstorms (in dark red) drifted out from Mumbai to Madhya Pradesh and northern Maharashtra. Clouds rose tall over Bay of Bengal off Odisha-West Bengal coast as well. | Photo Credit: www.meteologix.com/in

A delayed monsoon finally arrived with a vengeance over Mumbai and its surrounding regions, dumping extremely heavy rain across several locations during the 24 hours ending Wednesday morning. 

The downpour, which flooded roads and disrupted normal life overnight, may be only the beginning of a varyingly wet spell forecast to persist through the week and into the next.

Central India gains

Guidance from the European Centre for Medium-Range Weather Forecasts (ECMWF) indicates that the current wet phase over West India could persist into next week, with adjoining Central India also benefiting, before the monsoon potentially slips back into another dry spell.

The intense rain through Tuesday bore the hallmark of El Niño’s influence on the monsoon. By disrupting the normal flow of moisture-laden winds from surrounding seas, it often produces erratic rainfall patterns marked by extended dry spells followed by sudden, high-impact cloudbursts. India Meteorological Department (IMD) has predicted another spell of isolated very heavy rain over Konkan and Goa on Saturday.

Replenishing reserves

For West India, however, the deluge could hardly have come at a better time. Mumbai and parts of Maharashtra had been edging toward a water crisis after a sluggish monsoon onset. The intense rainfall may help replenish reservoirs and bring relief to adjoining farming heartland in Central India.

Rainfall activity is expected to remain active across West India. Fairly widespread to widespread rain is likely over Konkan and Goa during next six days, while Madhya Maharashtra and Marathwada are expected to see increased rainfall on Friday and Saturday. East Gujarat, Saurashtra and Kutch are also likely to remain under scattered to fairly widespread rain through the period.

Extreme heavy rain

The IMD said isolated locations in Konkan-Goa and Madhya Maharashtra recorded extremely heavy rainfall exceeding 20 cm during the past 24 hours. Heavy rain also occurred at a few places across Jharkhand; East Madhya Pradesh; east Gujarat; Vidarbha; Chhattisgarh; Telangana; and Coastal Karnataka.

Healthy advance

The monsoon’s healthy advance over Central India is expected to continue. Isolated heavy rain is forecast over Vidarbha on Thursday and again during the weekend, while Chhattisgarh may witness enhanced rainfall for four consecutive days beginning Friday. East and West Madhya Pradesh are likely to receive scattered to fairly widespread rain over the next six days.

Thunderstorms, lightning and gusty winds may stalk parts of Central India. West Madhya Pradesh may experience such activity from Friday onward, while East Madhya Pradesh and Vidarbha are likely to see outbreaks for four days beginning Thursday. Similar conditions are forecast over Chhattisgarh.

Published on June 24, 2026