Households in India, other Asia-Pacific regions highly vulnerable to El Nino-driven price shocks: S&P

Households in India and other Asia-Pacific regions are highly vulnerable to price shocks driven by El Nino, according to a report by S&P. This is because El Nino is expected to lead to reduced rainfall and climate disruption, affecting agricultural output and causing food inflation. The economic impact of these price shocks could be significant, particularly for low-income households that spend a large portion of their income on food.

Read the source report: Economic Times