In Chandra’s remarks, a prescient warning

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Editor's note: On Monday, Tata Sons chairman N. Chandrasekaran said that inflation could play spoilsport to business prospects over the year. Addressing shareholders at the virtual annual general meeting of Tata Consumer Products Ltd, the fifth most valuable company in the Rs 20 lakh crore group, he warned that the existing operating environment remains highly volatile and persistent inflation will likely impact demand. That was the second time in a month that Chandrasekaran has voiced concerns about inflation. In the second week  of June, at the annual meeting of Tata Consultancy Services too, he said, “The Russia-Ukraine crisis has imparted a stagflationary impulse. This has resulted in a dent in global growth, while further increasing inflation.” He went on to add: “ We are also currently facing a supply shock from high oil prices, semiconductor shortages, to name a few. As a result of many of those macroeconomic factors, we are likely to face a low growth/high inflation environment.” Now, Chandrasekaran is not the first corporate chief to have spoken on the effects of inflation on business. Packaged consumer goods giant Hindustan …