Inflation replaces Covid shock as top risk factor for India

New Delhi: While “Covid shock” maintains its number one position among risk factors in leading Asian economies, in India “inflation risk” has replaced it for the first time since the March 2020 poll, according to a latest survey.

The Japan Centre for Economic Research and Nikkei conducted the 24th quarterly consensus survey on Asian economies.

In India, economists identify inflation as the greatest risk, as per the survey.

Tirthankar Patnaik, Chief Economist at National Stock Exchange of India, says that “inflationary pressures persist amid rising commodity prices and sustained supply-side bottlenecks. The emergence of the most recent variant, Omicron, is likely to further aggravate the supply-side woes with countries imposing restrictions…