Food inflation projected to average 6% in FY27 amid rainfall deficit concerns: CareEdge Ratings
India faces a challenging economic outlook with food inflation projected at 6% and CPI at 5% in FY27, largely due to a severe monsoon deficit impacting agriculture. Despite a widening non-oil trade deficit, strong services exports and a surge in FDI inflows are providing crucial support. Remittances also show robust…
The Economic Times ·