By Admin 
- Retail inflation reached 3.48%, increasing for the sixth consecutive month.
- Crude oil, petrol and diesel prices will become expensive due to Iran crisis.
- Uday Kotak warned of economic pressure, preparation necessary.
- RBI Governor said, the government will not be able to bear the burden for long.
India Inflation Latest News: Concern about inflation is continuously increasing in the country and in the coming days, the prices of petrol and diesel may further increase the problems of the common people. Amidst the Iran crisis and rising prices of crude oil in the international market, now even big industrialists have started warning about the economic situation.
Veteran businessmen like Uday Kotak have said that India’s economic situation may come under pressure very soon. According to the latest government data, the retail inflation rate has increased to 3.48 percent. This concern has become deeper due to increase in inflation for the sixth consecutive month. If the prices of crude oil continue to rise like this, then in the coming time, everything from petrol and diesel to many everyday items may become more expensive.
Uday Kotak said problems may increase further
Uday Kotak has expressed great concern about the country’s economy. In the Annual Business Summit of CII, he said that India should be prepared in advance for the possible crisis. He believes that the situation may become very difficult in future, hence it is important to prepare well in time.
Uday Kotak said that till now the common people have not felt the full impact of rising energy prices, but its impact can be clearly visible in the coming times. He also said that the situation may become more serious due to the ongoing tension in the Gulf region and the Iran war. According to him, if the situation does not improve soon, there could be a big impact on the prices of many essential commodities including petrol and diesel. The direct burden of which can be seen on the common people.
RBI statement on oil crisis
RBI (Reserve Bank of India) Governor Sanjay Malhotra has indicated that if the ongoing tension in West Asia continues for a long time, it may impact fuel prices in India.
He says that the government will not be able to bear the entire burden of continuously rising crude oil prices for a long time. In such a situation, the possibility of increase in prices of petrol and diesel in the coming days cannot be ruled out.
Inflation figures raise concerns
According to government data, the retail inflation rate in the country has increased to 3.48 percent. An increase has been registered for the sixth consecutive month. Due to which the concern of common people may increase. At the same time, the inflation rate of food items has also increased from 3.87% last month to 4.20%.
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