Inflationary situation in India is at a 'very risky bend': Kaushik Basu

Inflationary situation in India is at a 'very risky bend': Kaushik Basu

India's wholesale price-based inflation is at a 30-year high, leading to a "very alarming" situation for the country, former World Bank chief economist Kaushik Basu said on Thursday. Participating in a virtual event organised by the Asia Society, India, Basu said the inflationary situation in India is at a "very risky bend". "There is a big risk of inflation and actually one particular kind of inflation. If you look at wholesale price inflation in India. Right now it is at a 30-year high", he said.

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