Monsoon in India 2015 El Nino Impact - Business Today
Cause of worry
June-Sept monsoon season records 14% less rainfall

That makes this the first back-to-back drought in three decades, and only the fourth in more than a century. The scant rains have hit the yields of summer-sown crops, especially in the south of the country.

Laxman Singh Rathore, director general of India Meteorological Department (IMD), said the monsoon could start retreating this week.
"Until now, July has witnessed minus 17 per cent of rainfall," India Meteorological Department (IMD) Director General Laxman Singh Rathore said.
Although rainfall in the first half of June was above normal, the 2015 forecast is sending some distress signals across due to the monsoon's impact on the economy.
A strengthening El Nino weather pattern trimmed rainfall raising fears of the first drought in six years.
Weather forecasters are not convinced and have warned of severe dryness in the autumn months.

As per experts, a surprise rise in IIP and steady inflation data will, however, help the market.