What is Greedflation? Does India also have it? Explained by Rahul Bhardwaj

Описание: Greedflation is the exploitation of inflation by corporates to create excessive profits. It simply means (corporate) greed fuelled inflation. In normal inflation situation, corporates go for the wage-price spiral, in Greedflation corporates choose the profit-price spiral.
There is a growing consensus across the world that corporate greed is the new villain in town, spiking inflation even as workers get doubly penalised by low wage increases and higher interest rates. How far is this true? What are the policy implications? And is India also witnessing greedflation?
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