Is India’s food inflation being measured correctly? EAC-PM member Nilesh Shah weighs in

Nilesh Shah, managing director of Kotak Mutual Fund, raised critical concerns about the accurate measurement of food inflation in India, questioning whether the government’s free food programs are reflected in official data. He also called for increased capital expenditure in the second half of the fiscal year, given the slower-than-expected growth. Shah noted the potential opportunities arising from global economic shifts, while urging the government to improve domestic ease of doing business.