Neelkanth Mishra at Explained.Live right now

Just when there have been indicators of India clambering out of the pandemic-hit financial system, its development story has been affected with inflation spiralling uncontrolled. The focus has now shifted to reining in costs with retail or the CPI-based inflation crossing the RBI-set higher band of six per cent each month since January.

In an unscheduled assembly on May 4, the RBI’s Monetary Policy Committee elevated the important thing coverage price by 40 foundation factors to 4.40 per cent, the primary hike in 4 years. This is only the start; extra price hikes are nearly a certainty if inflation stays elevated and turns structural if it hasn’t already. With the Russia-Ukraine warfare persevering with to unravel, excessive gas costs might nicely proceed. Global meals costs too have surged to an all-time excessive.

As inflation trickles right down to affect our on a regular basis lives, it’s time to search solutions to troubling questions: How lengthy can retail inflation proceed to stay excessive? Are price hikes and absorbing liquidity the one devices the RBI has to blunt costs? Wouldn’t it kill incipient demand and harm development? Is stagflation (excessive inflation, low development) looming massive for the Indian financial system?

The Indian Express makes an attempt to search out some solutions by its Explained.Live webinar at 6 pm on May 20 with Neelkanth Mishra, India strategist and an analyst with Credit Suisse, who can also be Part-Time Member of the Prime Minister’s Economic Advisory Council. He will assist us unpack the inflation basket, look forward at its trajectory and higher perceive the nuances of coverage making — each financial and monetary — in occasions of excessive inflation. The session will probably be moderated by National Business Editor Anil Sasi.

Through its Explained.Live webinars, The Indian Express not solely goes behind the headlines to make sense of stories because it unfolds however breaks it down so that you simply perceive the way it impacts your on a regular basis life. Register now for the webinar.