became a major headwind

became a major headwind

Blog Article

The growth trajectory of foodgrain helped India to rein in global food crisis erupted due to Ukraine war. Eventually, while global food prices triggered and became a major headwind to the food import dependent nations, such as EU, India proved resilience. With the onset of Russian invasion of Ukraine in February 2022, global food prices rose significantly in larger parts of EU and ASEAN areas. According to FAO, global food prices shoot up to 40 percent in March 2022. However, the food price hike slipped downward gradually to 18 percent January 2023 , given the thrust on alternative sources by EU for food imports. Against this global food price conundrum, food inflation in India stagnated. It ranged between 6-7 percent during 2022-23 to 2024-25. ดูหนังออนไลน์