NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

El Nino Alert: WMO Raises Probability to 80 Percent

The World Meteorological Organisation (WMO) has issued a critical update on the El Nino forecast for the June-August 2026 period, with a significant increase in the probability of the weather phenomenon developing to 80 percent. According to the WMO forecast, conditions are likely to be at least moderate in strength and could become strong, with far-reaching implications for global temperatures and extreme weather patterns.

El Nino's Impact on Global Temperatures

Warm ocean waters are fuelling the development of El Nino, leading to an increase in global temperatures and driving extreme weather and rainfall patterns. Above-average temperatures are forecast for nearly everywhere from June to August, with severe consequences for agriculture, economies, and human populations.

Read also: FirstClub Secures $55 Million in Funding from Peak XV, Sofina, and Other Investors 9 Months After $22 Million Series A Round

Government Response to El Nino Challenge

The Indian government has taken note of the El Nino concerns and is taking swift action to protect farmers' interests. Shivraj Singh Chouhan, minister for Agriculture and Farmers' Welfare and Rural Development, has assured the public that there is no need to panic and that timely preparation is the need of the hour. The Centre has directed special monitoring and swift action in states and districts that are likely to receive low rainfall.

Focus on Seeds, Water Management, and Alternative Crops

The government is focusing on seeds, moisture conservation, water management, and alternative crop planning to mitigate the impact of El Nino. Notably, water levels in reservoirs are better than normal, which is giving a boost to the Kharif crop. The Centre has also directed expedited crop insurance to provide relief to farmers and has issued advisories to encourage farmers to increase the area under pulses and oilseeds.

Read also: RBI Policy Preview: A Cautionary Wait Ahead

Economic Impact of El Nino

According to Ashok Gulati, a distinguished professor at the Indian Council for Research on International Economic Relations (ICRIER), the likely impact of El Nino on India's economy will be severe. He forecasts that the growth in agriculture may plummet to less than 1 percent in 2026-27, with a subsequent impact on overall GDP growth and farmers' income. The economist also warns that food prices, particularly oilseeds, pulses, edible oil, and cotton, will be affected due to the drought conditions.

CropForecasted Growth Rate
PaddyDecrease
PulsesIncrease
OilseedsIncrease
Edible OilDecrease
CottonDecrease

Silver Lining

Despite the dire predictions, there is a silver lining. Rice and wheat stocks are more than sufficient, and price pressures can be managed. However, the government and farmers must remain vigilant and take proactive measures to mitigate the impact of El Nino on agriculture and the economy.

IPOScanner Logo

IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

About IPO Scanner

IPOScanner is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
[email protected].

Please read all offer documents and risk disclosures carefully before investing. IPOScanner does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

© 2026 IPO Scanner. All rights reserved.