Unexpected inflation is good for people in debt, and unexpected deflation is bad. If the inflation is expected, interest rates adjust accordingly. India has ro

Unexpected inflation is good for people in debt, and unexpected deflation is bad. If the inflation is expected, interest rates adjust accordingly. India has roughly a 10% inflation rate and interest rates on mortgages tend to be 11-12%. The US has inflation rates of about 1-2% and mortgage rates of 3-4%. tl;dr; If inflation is I, you'll be paying interest rates of I+R where R is dependent on availability of capital, your risk factors, etc.