The impact of the new tax regime is not clear, some items are expected to be cheaper, but the prospect of a price rise is seen pushing some people to buy ahead of July.
The monsoon season starts with the arrival of the rains on the southern Kerala coast around June 1. Its progress triggers planting of crops, economy and markets.
Monsoon rains lashed the Kerala coast, the IMD said, the earliest start to the rains since 2011 which should boost the world's fasting growing economy's agriculture.
The government's allowing 100 per cent FDI in domestic trading of food products has yielded results, Food Processing Industries Minister Harsimrat Kaur Badal has said.
The World Bank projected a 7.2 per cent growth rate for India in 2017-18 due to the impact of demonetisation and protracted investment recovery.
The Goods and Services Tax, to be rolled out in just over a month, will not only check evasions but also help India evolve as a more tax-compliant society.
India remained the fastest growing major economy in the world last quarter, with growth buoyed by an improved performance in manufacturing and services – a Reuters poll.
The US economy is at or near the Federal Reserve's goals of full employment and stable prices, San Francisco Fed President John Williams said.
US stocks posted solid gains for the week, with both the S&P 500 and Nasdaq refreshing their record highs a few times.