By 2027, food and beverage prices in India could increase significantly. This alert has been issued by multinational financial services firm JP Morgan. According to the report, the burden of subsidies worth 3 lakh crore rupees will increase on the Indian government. The firm has claimed that inflation will impact the entire world. This crisis will deepen due to fertilizer shortage, geopolitical tensions along with the arrival of an El Nio storm. In the first half of 2027, food and beverage prices at the global level could increase by up to 5%. In the first half of 2026, this figure was at 2.8%. This warning is more significant for India because fertilizers are already quite expensive in the country. Crisis of fertilizer and gas due to tension in Iran Burden of fertilizer subsidy on government treasury will increase Super El Nio storm feared by end of 2026 Risk of crop damage in India due to impact on monsoon Indian agriculture is largely dependent on the south-west monsoon. El Nino is often associated with weak monsoons, although this is not always necessary. For example, despite a strong El Nino in 1997, India received 2% more rainfall than normal due to other factors such as the Indian Ocean Dipole. Post navigation Companies’ AI spending tripled in 7 months:Ramp AI Index report says top firms spend ₹7 lakh per employee
