The monsoon season has gained momentum, bringing hope for relief from rising food inflation, a significant concern for the Indian economy, according to the Reserve Bank of India (RBI). After a slow and delayed start, the southwest monsoon has intensified, covering more regions across India, which is expected to help stabilize food prices. RBI Governor Shaktikanta Das emphasized the positive impact of the Indian Meteorological Department’s (IMD) forecast of an above-normal southwest monsoon and strong kharif crop sowing on rural demand in the coming months. He noted, "Going forward, the IMD’s projection of an above-normal southwest monsoon and healthy kharif sowing will support improving rural demand." Additionally, the RBI highlighted the potential influence of La Niña conditions, expected to develop later in the monsoon season, which typically brings cooler and wetter weather to India and positively affects agricultural output. Das remarked, "The likelihood of La Niña conditions developing during the second half of the monsoon season is likely to have a bearing on agricultural production in 2024-25." As the monsoon strengthens, it offers the prospect of a more stable agricultural environment and a reduction in food inflation, crucial for sustaining economic growth and supporting rural livelihoods in India. The RBI will continue to monitor these developments closely, given their significant implications for the country’s economy.