One such instance is India’s business sector, which was substantially hit by unseasonal rains in the June 2023 quarter. However, with the unseasonal rains cooling the climate, there is a natural dip in the demand for such products. As one of the largest markets for many global companies, any disruption in India has a ripple effect on the global business landscape. For instance, the unseasonal rains have not only impacted Coca-Cola’s domestic earnings in India but have also affected its overall global revenue. The unseasonal rains during the June quarter of 2023 have indeed posed a significant challenge to businesses in India.

Source: Daily Nation July 27, 2023 06:18 UTC