The Economic Times

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

Asia-Pacific economies face rising prices and weather shocks from El Nino. Reduced rainfall and climate disruption will affect agricultural output and food inflation. Countries are strengthening food reserves and water management to mitigate these impacts. India holds significant food grain buffers to manage potential food shocks. Proactive policies will limit damage from the developing El Nino episode.