The monsoon in India, which provides more than 70 percent of annual rainfall, will be normal this year amid forecasts for the emergence of an El Nino that previously caused droughts, government officials said.
India’s top court today allowed iron ore miners to resume operations in Goa state after imposing a ban 18 months ago for environmental violations. Goa accounted for about half of the nation’s exports before the halt.
Asian stocks fell, with the regional gauge heading for its first drop in four days, led by health-care stocks and information technology shares. Several markets across the region are shut today for a holiday.