India’s growth story intact despite massive challenges

India’s growth story intact despite massive challenges

The World is battling a crisis on multiple fronts. From geopolitical tensions due to the kraine crisis to the economic fallout of the conflict. Everyone is feeling the pain. Last week, India registered a Whole Sale Price Index or WPI inflation of 15.08% for April, which is a 15 or 30 year high, depending on which expert you talk to and what baseline they follow. Regardless, it is very high after a very long time and it is driven by high food and fuel prices. This is the 13th straight month that WPI inflation has been in double digits in India. While retail inflation is at a 8 year high. India isn’t alone. The UK’s inflation is the highest in 40 years, with a cost of living crisis that could turn into a political time bomb for Boris Johnson. Germany is facing similarly high inflation numbers and so is the United States, again facing a 40 year high. Globally, there is a shortage of food, especially wheat. Oil prices have sky rocketed on top of everything else. The Rupee has hit an all-time low against the dollar and some foreign investors are pulling their money out. The government’s decision on