Low growth and high inflation expected this year: N Chandrasekaran

•  The world economy will be falling this year. It will face lower growth and higher inflation.
• Factor contributing to these include:   supply chain issues, commodity prices, and the Ukraine war
• We thought the pandemic was over with the global economy doing well with a high-growth environment, despite high inflation. Then you see a commodity crisis, a supply-chain crisis in semiconductors and war, that certainly affected global growth. We are going to be in a low-growth, high-inflation environment
• According to the World Bank India's economic growth forecast for the current fiscal is7.5 percent which maybe a major contributor to inflation, supply chain disruptions and geopolitical tensions
• India’s economic growth by citing the growth in the number of unicorns, or a startup valued at $1 billion or more. The country clocks at least one new unicorn in a week and the trend is growing. India has more than 100 unicorns.
• Tata Sons Chairman Natarajan Chandrasekaran said that, "that healthcare and health technology will play a major role. “Not only will we see basic health problems addressed, we may see research on brains and even ageing problems."