Inflation in India to remain elevated in next few months, govt policies to prevent it from rising further: S&P economist
Speaking at the 'Monthly Asia-Pacific Credit Focus' webinar, Vishrut Rana, S&P Global Ratings Economist (Asia Pacific), said that in India, the monsoon has been very patchy and overall rain was about 11 per cent below normal. "That is a significant concern as it can affect grain prices in India over next few months," he said.
"Supplies remain very strong and the government is likely to step in to prevent significant increase in commodity, wheat and rice prices. It will help to keep food price inflation little bit low," Rana said. Photo: Pixabay/Representational