![]() ![]() Anyway, we don't consume from our current production." "Due to the drought we will lose 6-8 million tonnes of food grain stock due to a fall in grain output. "Food prices are likely to remain stable," said T K Bhaumik, policy adviser with the Confederation of Indian Industry, which represents more than 4,000 companies. The analysts said while the drought was likely to hit the winter harvest, most of them ruled out a spike in food prices as India was sitting on record foodgrain stocks of nearly 65 million tonnes. India's inflation seen contained despite droughtĪmple food stocks are seen keeping Indian inflation from spinning out of control, despite the country's worst drought in 15 years, analysts and industry officials said on Friday.īut they cautioned that this could change if the United States carried out its threat to attack Iraq, triggering a spike in oil prices and hurt the economy of India that is heavily dependent on imported crude. : India's inflation seen contained despite drought: Reuters ![]()
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