Stagflation Shadow On The World

Rising inflation, high unemployment and depreciating currencies have given birth to a vicious cycle that could very well dismantle the fragile post-Covid recovery. Can India escape this fate?

Published 8 months ago on Jun 01, 2022 7 minutes Read

The out-of-turn rate hike by the Reserve Bank of India (RBI) earlier in May was only a teaser of India’s worrying inflation story. April’s inflation data released on May 12 indicated that the country’s growth story faces several hurdles.