Low growth and high inflation expected this year: N Chandrasekaran

The World Bank last month cut India's economic growth forecast for the current fiscal to 7.5 per cent owing to rising inflation, supply chain disruptions and geopolitical tensions

The world economy is likely to see low growth and high inflation this year and longer due to supply chain issues, commodity prices, and the Ukraine war, said N Chandrasekaran, chairman of Tata Sons, on Wednesday.

It is an exciting time for the economy despite these global issues, he said at the 59th convocation ceremony of the Indian Institute of Technology Madras (IIT-M). “We thought the pandemic was over with the global economy doing