The IMF working paper has tried to dispel some fears associated with the weather phenomenon
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/el-nino-might-have-muted-impact-indias-gdp
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/el-nino
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/agriculture
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/drought
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/indian-meteorological-department-imd
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/monsoons
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/rainfall