All India Management Association (AIMA) President CK Ranganathan said on Tuesday that the stagnation in global markets for energy, food, finance and raw materials may make it difficult to deal with inflation after the Kovid epidemic. Ranganathan said that dealing with post-pandemic inflation is becoming more difficult due to the current geopolitical situation. “There is a battle between powerful rivals to restrict each other at this point of time. This fuels the fear of shortage of essentials and inflationary expectations.
Since Russia’s attack on Ukraine, Western countries have imposed various sanctions on Russia. At the same time, Russia has disrupted the supply of petroleum and gas. Ranganathan, Chairman and Managing Director, CavinCare, while addressing the National Management Conference of Aima said, “However, India has many advantageous positions and is ready to meet the challenges arising out of the changes and uncertainties in the world. can use them.”
He said that the leaders of India will have to be aware of the unpredictable nature of the geo-political situation and take necessary policy steps accordingly. He said India has to focus on its sustainable gains so that current concerns do not overwhelm.
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)