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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
El Nino may emerge between May and July
By Gayathri G · 2026-04-21 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Dried out. An El Nino event weakens India’s South West monsoon, often triggering drought-like conditions MUSTAFAH KK

Dried out. An El Nino event weakens India’s South West monsoon, often triggering drought-like conditions MUSTAFAH KK | Photo Credit: MUSTAFAH KK

All major climate models, including those used by Australia’s Bureau of Meteorology (BoM), project continued warming of the tropical Pacific, with El Nino possibly emerging between May and July.

While some models indicate an earlier onset, others suggest a more gradual transition, with uncertainty hinging on ocean-atmosphere coupling — a critical factor for sustaining a full-fledged El Nino.

Global climate signals are tilting towards a possible return of El Nino-Southern Oscillation (ENSO) warming later this year, even as near-term forecasts point to continued above-normal temperatures worldwide.

According to Australia’s Bureau of Meteorology, the ENSO system is currently in a neutral phase but is showing clear signs of warming. The latest Nino3.4 index, a key measure of Pacific Ocean temperatures, stood at -0.27°C for the week ending April 12, well within the neutral range.

However, the index has been steadily rising since the end of the southern hemisphere summer, supported by a recent pulse of sub-surface warming that is expected to lift sea surface temperatures further in the coming weeks.

Overall, climate models point to a warm global baseline with regionally varied rainfall patterns, while the growing likelihood of El Nino later in 2026 adds a layer of uncertainty to weather outcomes in the months ahead

Short-term atmospheric signals also reinforce the warming trend. The Madden-Julian Oscillation (MJO) is expected to bring westerly wind anomalies across the western Pacific in the coming fortnight, which typically enhances ocean warming.

Meanwhile, the 30-day Southern Oscillation Index has dropped sharply to -7.7, reflecting shifting pressure patterns across the Pacific, although longer-duration indices remain positive.

IOD neutral

Alongside ENSO, the Indian Ocean Dipole is currently neutral, with an index of +0.06°C. Most models suggest it will remain neutral through late autumn, though there is a growing possibility of a positive phase developing during winter and spring — a shift that can influence monsoon behaviour in the Indian subcontinent. Forecast uncertainty around the IOD remains elevated, with models showing a wide range of outcomes.

Against this evolving backdrop, the APEC Climate Center’s latest global seasonal outlook indicates that temperatures are likely to remain above average across most parts of the world in the coming months. The forecast, based on a multi-model ensemble approach, underscores a persistent warm bias in the global climate system.

On precipitation, the APCC outlook points to above-normal rainfall over India, the Maritime Continent, northern Australia and parts of the south-west Pacific, suggesting favourable moisture conditions for several regions. Warmer-than-average sea surface temperatures — forecast to be up to 2°C above normal around much of Australia and in the Tasman Sea — are expected to enhance atmospheric moisture and energise rainfall systems.

At the same time, some regions are projected to receive below-normal rainfall, highlighting the uneven distribution of global precipitation even under broadly warmer conditions.

For India, the combination of a neutral-to-warming ENSO phase and the possibility of a positive IOD later in the year could prove pivotal. While neutral ENSO conditions typically support stable monsoon patterns, a transition to El Nino — depending on its timing and strength — can alter rainfall distribution.

Published on April 21, 2026