Brace Yourself For Persistent Inflation | RBI To Raise Mehngai Forecast | India Development Debate

A combination of factors, including the supply-chain shocks caused by the covid-19 pandemic and the surge in commodity prices on account of the war in Ukraine have led to a global surge in inflation. According to ET NOW sources, the RBI Monetary Policy Committee could, in fact, revise inflation projections for the current year higher. The central bank's current forecast pegs retail inflation at 5.7% in FY23. This comes at a time when retail inflation has been running ahead of projections—both that of the central bank as well as the bond market. While there have been measures taken by the government to cool inflation in some key areas, a rate hike by the central bank in the near future now looks almost certain. Will sticky inflation persist for the rest of the year? We debate on the India Development Debate with Mythili Bhusnurmath, Consulting Editor, ET NOW, R. Gandhi, former deputy Governor, RBI and Aurodeep Nandi, India Economist & VP, Normura India. Tune in! #Inflation #RBIForcastOnInflation #FY22 Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com