Differences abound in global, India inflation drivers, say experts

Say, overall, inflation unlikely to be a major worry in India, except for food inflation

The increasing focus on inflation does not erase the differences that drive it in India and elsewhere in the world. The economists, who participated in the State Bank of India’s Banking and Economics Conclave in Mumbai on Wednesday, said the factors underpinning the numbers vary.

Poonam Gupta, director general of the National Council of Applied Economic Research (NCAER), pointed out that inflation in the United States of America has been driven not only by global supply chain disruptions but also by labour supply constraints.

Inflation may well abate once these issues are sorted, Gupta suggested. She also pointed out that