Inflation Continues To Be A Party Pooper

Moody’s Investors Service has slashed India’s economic growth projection to 8.8 per cent for 2022 from 9.1 per cent earlier, citing high inflation

Headline equity benchmark indices Nifty 50 and Sensex staged a decent recovery over the second half of the fortnight, recording gains of 3.22 per cent and 3.61 per cent, respectively. The BSE Mid-Cap index also closed in the green territory with gains of 1.68 per cent. BSE SmallCap index ended on a flat note, marginally up by 0.06 per cent. According to data released by the Ministry of Commerce, India’s inflation based on the Wholesale Price Index (WPI) hit 15.08 per cent in April, the highest mark since September 1991. Inflation was driven higher in April because of an across-the-board increase in sequential price pressures.