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Russia-Ukraine leads to inflation

  Mar 28, 2022

Russia-Ukraine leads to inflation

Q What is the context  ?

A With the Russia-Ukraine conflict flaring into a war, global commodity prices, especially that of crude oil and gas, are likely to see a strong surge. This poses a challenge not only for India to contain inflationary pressures but also the world at large.

Q What is the problem of rising inflation ?

Q How to ensure lower rates of inflation ?

Q What can be Way Forward ?

A Reform the grain-management-cum-food-subsidy system