A strengthening El Nino threatens India's food economy, potentially disrupting crops and raising prices. India Ratings projects GDP growth at 6.8% for FY27, down from 7.6%, with retail inflation averaging 4.9%. Agriculture Minister Shivraj Singh Chouhan downplayed the impact on kharif production, noting sufficient rainfall in most regions.
El Nino, weak monsoon threaten India's food prices
Source: Moneycontrol