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India could lose $49 bn in GDP by food price shock 

May 26, 2016

Money Control

The UN Environment Programme-Global Footprint Network report, entitled 'ERISC Phase II: How food prices link environmental constraints to sovereign credit risk', features countries according to how badly they will be affected if global food commodity prices double.

India could lose USD 49 billion in GDP if global food prices double in future, according to a new UN report which said the world will likely suffer from more volatile food prices due to rising populations. The UN Environment Programme-Global Footprint Network report, entitled 'ERISC Phase II: How food prices link environmental constraints to sovereign credit risk', features countries according to how badly they will be affected if global food commodity prices double. The report said if global food prices double then China could lose USD 161 billion in GDP and India could lose USD 49 billion.

"In the future, the world will likely suffer from higher and more volatile food prices as a result of a growing imbalance between the supply and demand of food. Rising populations and incomes will intensify the demand for food while climate change and resource scarcity will disrupt food production," it said. Read more

 
 
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