Why surging inflation could hamper India’s economic recovery – The National

Why surging inflation could hamper India’s economic recovery – The National

Food inflation poses a growing challenge to India’s economic recovery, economists say, with businesses and households feeling the pinch from higher prices amid the global supply-chain crunch and Russia-Ukraine crisis.

“Rising food inflation has become a cause of concern,” says Pradeep Multani, president of New Delhi-based trade and industry body PHD Chamber of Commerce and Industry.

“Food prices account for nearly half the inflation basket in India, making them an important factor impacting households, businesses and, hence, the Indian economy.”