El Nino means “the Boy Child” in Spanish as it comes  at time of the celebration of the birth of the Christ Child. During an El Niño, the physical relationships between wind, ocean currents, oceanic and atmospheric temperature, and biosphere break down into destructive patterns causing severe damage to the world.

greater than 50 percent chance of El Nino in second half of 2012 is possible.El nino is the cause for warming of sea-surface temperatures in the equatorial Pacific that occurs every four to 12 years, affecting crops from Asia to the America and reducing the chances of storms.

global food production will suffer .Either there will be no rain or more  rain which could damage crops. Flood may occur in dry areas.

India’s  monsoon rain may get slowed causing more inflation.