The sugar prices have gone up tremendously which will increase the price in the food sector, said Adi Godrej.
Negative effect of the monsoon will be much less than predicted earlier due to the rainfall in last two to three weeks.
“If the rain continues till early October, it means that the negative growth in GDP that was predicted earlier might not be the case. He also added that improved rainfall in September would mean that the rabi crop will be very good and make up for some of the losses. - Pallabika Ganguly & Amritha pillay