India Ranked 44th In 2019 Nomuras Food Vulnerability Index.

Nomura’s Food Vulnerability Index (NFVI) ranks countries based on their exposure to large swings in food prices. India ranked 44 out of 110 countries; a higher rank is worse. At 4.6%, India’s retail inflation for October touched a 16-month high because of the jump in food prices.

NFVI has three components: (1) the country’s GDP per person, (2) the share of food in household consumption, and (3) the net food imports. The lower per capita GDP, a higher percentage of food in household consumption, and top net food imports would make a country more vulnerable to spikes in food prices. Around 50 countries most vulnerable to food price surges in the coming months mostly belong to the Emerging Market group. The top 50 together account for almost 60 percent of the global population.

India ranked 44 out of 110 countries; a higher rank is worse. At 4.6%, India’s retail inflation for October touched a 16-month high because of the jump in food prices. Food inflation grew by almost 8% – nearly double the rate of overall retail inflation. The essential items that contributed to this rise were pulses (inflation rate 12%) and vegetables (inflation rate 26%) and fish and meat (inflation rate 10%), the Asia-headquartered financial services group with an integrated global network spanning over 30 countries.