Central banks around the world are aggressively raising interest rates to control rising inflation amid fears of an economic recession. India has also increased its policy rates. But, on the front of managing inflation, India has done better than developed countries like the US, the UK, and Germany. Compared to September 2021, it is found that compared to these countries, inflation has increased the least in India.
SBI said in the ECORAP report that in this era of global uncertainty, India is looking like a ray of hope. It has outperformed developed countries such as the US, UK, and Germany on food prices, cost of living, and energy. Cost comparisons in different countries have been done by converting to rupees instead of their currency. SBI Chief Economist Soumya Kanti Ghosh said since the start of the Ukraine conflict, prices have risen sharply on various fronts in both advanced and emerging economies. Caught in the vortex of uncertainties, economies are getting destroyed. But, India is doing well on the back of solid management.
The 'good' has disappeared from the global economy
In his report, Ghosh compared the current global economic situation to the famous musical play 'Wicked'. Glinda, a famous character in the play, proudly declares that the letter 'G' in her name is silent.
Similarly, it seems that the word 'good' has temporarily disappeared from the global economy at the moment.
That's why inflation is increasing in Asian countries: IMF
IMF chief Kristalina Georgieva said inflationary pressures continue to rise in Asian countries due to a slowdown in major economies. Due to this, there is a possibility of a two percent decline in the global growth rate. The last time such pressure was seen was during the global financial crisis of 2009 and the corona pandemic.
Debate erupted over 90 hours of work a week, now a member of PM Modi's special team said - this is stupidity.
Amid the debate over longer working hours, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal on Sunday termed the demands of corporate leaders as foolish. Sanyal said in a
Covid-19 in China: After South Korea, China now imposes restrictions on Japan, ban on citizens' visas
Chinese embassies have stopped issuing new visas for South Korean and Japanese citizens amid increasing cases of corona in China. Let us tell you that recently some countries have imposed restrictions
Bigg Boss 18 Elimination: The winner is out! This contestant is out of the Bigg Boss house, even creating a scene did not work.
There is a lot of drama happening every day in Salman Khan's reality show Bigg Boss 18. To achieve the position, all the housemates are ready to sacrifice their friendship. In the recent episode of
Court angry with Maharashtra government in transgender recruitment case: expressed displeasure over not keeping two posts, warned to stop the recruitment process
The Bombay High Court has pulled up the Maharashtra government for creating posts for transgenders under the Home Department. Chief Justice Dipankar Datta's bench said that the government is sleeping
Waqf properties will be registered, The Central Government launched the Umeed Portal; Know its benefits
While the issue of seeking an interim stay on the Waqf Amendment Act 2025 is pending in the Supreme Court, the government has taken steps forward under this law. The Central Government launched the
Singham Again Worldwide BO Collection: Singham Again roars, sets 4 records, becomes Ajay's fourth film to join the 300 Cr club
Director Rohit Shetty and Ajay Devgan's Singham Again have created new records worldwide. The film has become the third Bollywood movie of 2024 to enter the 300-crore club worldwide. The film has hit
Monsoon: The Ministry of Earth Sciences rejected the claim of Skymet, saying- this year there will be normal rains
The Government of India has rejected the claim of private weather agency Skymet Weather. On Monday, Skymet Weather claimed that there would be below-normal rainfall this monsoon, which has been
Raisina Dialogues: PM Modi will inaugurate the conference today, and Greek PM Kyriakos will be the chief guest, know the purpose
Prime Minister Narendra Modi will inaugurate the 9th edition of the high-profile Raisina Dialogue conference on February 21. According to the Ministry of External Affairs, this conference is dedicated
Ratan Tata Death: Film stars paid tribute to Ratan Tata, and said- the world has lost a visionary
The country's famous industrialist 'Ratan Tata' said goodbye to this world at the age of 86. Ratan Tata was the real gem of India. He breathed his last at Breach Candy Hospital in Mumbai due to
Lok Sabha Election: Mamata Banerjee bets on 'Didi No. 1' on Hooghly seat, will compete with BJP's Locket Chatterjee
There will be a tough contest between the two heroines in the Hooghly Lok Sabha seat of West Bengal. On one hand, Bharatiya Janata Party has again fielded the sitting MP from Hooghly, Locket
