HSBC Sees 5% India Inflation for FY24

The video discusses inflation concerns in India, focusing on food and fuel prices, which constitute a significant portion of the inflation basket. It highlights the impact of climate change on agriculture, particularly cereals like rice and wheat, and the government's proactive measures to manage supply. The Reserve Bank of India (RBI) is advised to maintain interest rates due to uncertainties in food inflation and commodity prices. The potential for a cereal price shock and its implications on inflation and economic growth are also explored.

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