“Rising inflation is being debated … The entire economy came to a standstill during the Kovid-19 epidemic. But Prime Minister Narendra Modi wisely did not allow the economy to deteriorate … and we should appreciate that,” said the senior BJP leader.
The Russia-Ukraine “crisis” disrupted the global supply chain and affected imports and exports, Singh said.
“In this situation, it is clear that it will affect any country. You would be surprised to know that the United States, the richest country in the world, has the highest inflation rate in the last 40 years. At least India is doing well. We should not be guilty.” Has done.
Significantly, retail inflation in India reached an eight-year high of 7.8 per cent in April, while wholesale inflation hit a nine-year high of 15.1 per cent.
Globally, inflation for policy-makers with the United States and European price indicators is above the 40-year high of eight percent.