Rising inflation: A threat to India’s delicate post-Covid economic recovery

Ever since the second wave of Covid-19 hitting India badly, the economic graph has seen a few hurdles. Yet the financial year 2020-2021 witnessed a 1.6% positive growth in the last quarter. Experts believe that the high inflation rates in the country can pose to be a threat to the somewhat better than expected recovery scenario. With oil and petroleum prices changing frequently, the inflation scenario does not look favorable in the coming months. “WPI is something we should be concerned about. But it is not out of the ordinary considering all the supply interruptions,” says, Ajit Pai, Officer on Special Duty to Vice-Chairman, NITI Aayog.