Inflation has increased due to global supply chain & logistical bottlenecks, says Rajnath Singh at an event in Lucknow | Lucknow News
LUCKNOW: Food and fuel prices have gone up, core inflation has also increased due to the global supply chain and other logistical bottlenecks, claimed union defence minister Rajnath Singh while addressing a workshop on financial market organised by the Lucknow branch of Central India Regional Council (CIRC) of Institute of Chartered Accountants of India (ICAI) in the city.
However, he added that as a good sign, the country is witnessing a V-shaped recovery after the pandemic.
He said, the world economy is going through a very difficult phase due to the supply chain disruptions and logistical bottlenecks caused by Covid-19 pandemic and now the Russia-Ukraine conflict.
“Russia and Ukraine are important commodity producers. Russia is a major producer of food grains and hydro-carbons, while Ukraine is an important producer of wheat, etc. Therefore, the ongoing conflict has impacted the whole world. Since we import hydro-carbon and…
