VERIFIEDMint Markets·11 Sept 2026negative

Elevated food inflation means upside risks loom for FY27 inflation projections: IDFC First Bank’s Sen Gupta

AI Summary

·IDFC First Bank economist Gaura Sen Gupta noted that elevated food inflation poses upside risks to FY27 inflation projections.
·Strong El Niño conditions have led to a weak monsoon, resulting in reservoir levels below average.
·Kharif sowing is slightly behind schedule, increasing risks for both kharif and rabi crops.