India Economy

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India Economy

An indian shopkeeper sets sealed packets of cereals in a whole sale grocery shop, in old market of Allahabad on May 27,2016.A United nation's latest report has estimated that India could lose $49 billion (more than 3 lakh crore) of its GDP if global food prices double. India will see the second highest loss after china,which is estimated to lose $161 billion of its GDP because of volatile food prices. The report said the world is likely to suffer from more volatile food commodity prices because of several reasons, including climate change and rising populations. (Photo by Ritesh Shukla/NurPhoto)


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