Pandemic inflation a menace to tame for developing countries?

India and other developing countries are currently faced with the twin challenges of economic revival in the midst of the Covid-19 pandemic, and increasing inflation. Moreover, global economic recovery might prove to be detrimental for a developing country’s economy, contrary to popular narrative. Anand B. and Shreya Gulati argue that in the face of such challenges, these countries need to walk a tightrope between accommodative and tight monetary policy.