India unlikely to face food, fertiliser crisis despite global headwinds: Report

AI Summary

India’s Finance Commission chairman Arvind Panagariya said the country is well positioned to withstand potential food and fertiliser supply disruptions. He cited stronger domestic fertiliser production, diversified imports, and resilience to energy shocks, while noting that reduced Ukrainian exports could increase demand for Indian food products.

India's Finance Commission chairman, Arvind Panagariya, indicated that the nation is well-prepared for potential food or fertiliser issues. He emphasized that India's fertiliser supply has been strengthened through domestic production and imports from various countries. Additionally, the country has managed to cope with energy shocks and uncertainties arising from conflicts in West Asia. Panagariya noted that if Ukraine's exports decline, demand for Indian food products might increase.