Food inflation, as measured by the wholesale price index, has soared to a 33-month high.“If monsoon is less than optimal, definitely there will be a dampening effect as far as rural demand is concerned, one has already started seeing those manifest,” said Nestle India chairman Suresh Narayanan. India’s relatively stable performance can change due to below-normal monsoon.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2HywuNM
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