Earnings discussions of frontline Indian firms for the fiscal fourth quarter and year ended 31 March 2022 were dotted with commentary on the significant escalation in costs of raw materials, solvents and logistics.
The worrying bit is that none of that is expected to ease materially any time soon, thanks to the combustive mix of the Ukraine war, geopolitical tensions and related supply chain disruptions and China’s tough COVID-19 lockdown approach. Hopefully, the spread of monkeypox won’t add any new complexities down the line
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