All the indusries are directly dependent on the agriculture sector. Because of delay in monsoon agriculture sector is surviving a lot. This inturn affecting all the indstries connected to it. Prices of grains, vegetables & fruits going high day-by-day. because of this people are not spending on other things which again leads to defficiency in demand and lowers the IIP.
but in opposite of this we can see a growth in cement and coal industry by 10.6% & 9.7% respectively. This could be attributed to the weak monsoon which resulted in a delay in maintenance shutdowns.
So we can conclude that during weak monsoon investors can get good returns by investing in coal and cement companies.
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