Deepak Parekh On Interest Rates, Inflation & India’s Broken Agri-Logistics System

In the Chanda Kochhar podcast, Deepak Parekh, former Chairman of HDFC, discusses India’s interest rates and inflation. He notes the Federal Reserve’s influence and the need to reduce rates to spur growth. Parekh highlights agriculture-related inflation as a key issue, emphasizing the need to improve logistics and reduce wastage in the food supply chain. He also mentions the government’s attempt to address these challenges through the farm bill, which was intended to benefit farmers. However, the farmers misunderstood the intent, leading to widespread protests that eventually resulted in the withdrawal of the bill.