Economic Times: India could wipe out $49 billion from its GDP if global food prices double, says new research by the United Nations Environment Programme (UNEP) and the Global Footprint Network. China could lose $161billion in GDP. The two countries will be the worst affected among 110 countries in terms of absolute loss of GDP.
The next global food shock will be created by the lethal combination of rising consumer demand and fluctuating supply, thanks to climate change, water scarcity and environmental degradation....