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Adequate Food Stocks to Help Contain Inflation: Arvind Subramanian

26 May, 2015 9:44 AM
16 0
Adequate Food Stocks to Help Contain Inflation: Arvind Subramanian

New Delhi: Adequate food stocks would help contain inflation, even if summer monsoon rains turn out to be weak, Chief Economic Adviser Arvind Subramanian said on Tuesday.

The June-September monsoon season is vital for India as half its croplands lack irrigation, but a forecast of less rain than usual this summer due to the emergence of the El Nino has threatened farm output.

India's retail inflation in April cooled to a four-month low of 4.87 per cent on slower annual increases in food costs, government data showed earlier this month.

Source: profit.ndtv.com

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