New tension comes to light after RBI! What is Stagflation that has increased India’s worries?

Indian Economy Update: After RBI, now another concern has come to light regarding India. India’s economy is among the fastest growing large economies in the world. But now such a danger is emerging, which can gradually weaken the economic health of any country. On one hand, crude oil is becoming expensive due to Iran crisis, on the other hand there is uncertainty regarding monsoon. And meanwhile, brokerage firm Nuvama Institutional Equities has warned that the risk of inflationary recession may increase in India.

The brokerage firm says that increased oil prices can keep inflation up, which will support nominal GDP, but its pressure on real economic growth can be seen. According to the report, some domestic factors can help protect the Indian economy from shocks. Effective liquidity management by RBI, relatively weak but competitive rupee and strong credit growth, now the question is what is this Stagflation? What will be the impact on growth?