04/10/2022
Is India a better partner to an uncertain World?
Inflation-Recessionary world, Ukraine-Russia War, and Climate Change are making the World a bit grim. The World Bank painted a gloomy picture of the global economy heading toward deep recession (in 2023), as central banks across the world simultaneously hike interest rates to combat persistent inflation.
The impact of Russia’s invasion of Ukraine, which caused energy prices to skyrocket, has served to buffer oil prices against recession fears, though these fears now appear to be the key force driving the market. Ongoing strict Covid curbs in China, the world’s largest energy consumer, have also pushed demand down.
All the uncertainty has brought India to a unique position.........
This month, India will celebrate Dussehra or Vijayadashami, one of the most important festivals in Hindu tradition. It is an auspicious occasion, and it signifies the victory of good over evil.
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