S&P: Indian families face high risk from El Niño-linked price hikes
According to S&P Global Ratings, households in India, along with those in Asia-Pacific nations like the Philippines, Indonesia, and Vietnam, are significantly exposed to price volatility caused by El Niño. The agency noted that climate-related issues and reduced rainfall could lead to lower farm production, higher costs for food, and challenges for hydropower generation. Even so, the broader economic consequences are expected to remain under control.
by shortkt.com✓