In this insightful talk, Gaurasen Gupta, Chief Economist at IDFC FIRST Bank, examines the thorny issue of food inflation and its exclusion from India's monetary policy metrics. He highlights how volatile food prices impact the consumer price index, which comprises 46% food components. Gupta explains the implications of supply-side shocks on key commodities and the importance of considering food inflation in economic strategies. He also discusses GDP trends, potential interest rate cuts, and how these factors may affect households and wage negotiations.