emerging markets

A wholesale food merchant places price tags on produce in Bangalore, India..

Manjunath Kiran/AFP/Getty Images

A wholesale food merchant prices up his wares at a market in Bangalore, India. The country’s finance minister insisted on Tuesday that the government could afford a vast new food programme for the poor despite growing concern about public finances that drove the rupee to a new record low

Rain clouds loom over the Brahmaputra ri...Rain clouds loom over the Brahmaputra river in Guwahati, capital of northeastern Assam state, on August 27, 2013. The monsoon season, which runs from June to September, accounts for about 80 percent of India's annual rainfall, vital for a farm economy which lacks adequate irrigation facilities. However, the flooding also causes hundreds of deaths and damage to infrastructure, homes and farms across India.  AFP PHOTO/ BIJU BOROBIJU BORO/AFP/Getty Images

Biju Boro/AFP

Rain clouds loom over the Brahmaputra river in Guwahati, northeast India, on Tuesday. About 80 per cent of India‚Äôs annual rainfall falls during the monsoon season, which runs from June to September. The rains are vital for the agricultural economy but the flooding also causes hundreds of deaths and damage to infrastructure, homes and farms across India