Agricultural sector contributes around 28 percent to India's GDP, and more than 70 percent resident Indians still live in the rural areas of India. The correlation is that those 70 percent are dependent on agriculture-related products and services. And, if it doesn't rain there on time, the chances are highly likely that it's gonna rain on the Indian bourses, stripping the bourses of their sheen for a couple of quarters, at the max -- yes, at the max! Why?
Poor monsoon leads to poor agricultural products and services for the year, leading to poorer, or lesser, incomes for the populations in those rural areas, reducing the demands for the commodities that those poor people feed on. Thus, the economy relatively slows down, and investors find it relatively very hard to send "greenshoots" on the Indian market, crippling their abilities, and/or capabilities, to play speculative games through which they "cohort-ly" "rig" the bourses to make obscene amount of money.
So, watch out for the "Indian" sky, or call the Meteorological department of India, before you invest on the Indian bourses! Since it has already been "raining" all over the world, and if it even rains on the Indian bourses, you might not have any place left to hide your "speculatively" earned stack of cash! Am I right -- dear FIIs?
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