The weak monsoon poses a major threat to India's agricultural sector, particularly rice production, which is a staple for millions. Analysts predict a global reduction in rice output by 9 million tonnes for 2026-27, potentially driving up prices and affecting food security for half the world's population. Additionally, dry conditions in India could exacerbate water scarcity issues and impact rural livelihoods dependent on farming. The broader effects of El Niño include increased wildfire risks in South-East Asia and Australia, and flooding in other parts of the world.