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.
New Zealand has announced its 15-member squad for the upcoming T20 World Cup 2024. Experienced Ka
The central government has appealed to Rahul Gandhi to stop the yatra. For this, the increase of
One-third of doctors working night shifts in India, mostly women, feel unsafe. This has come to l
Amruta fadnavis statement: A statement by Amruta Fadnavis, wife of Maharashtra's Deputy CM Devend
Veteran Hindi cinema actor Manoj Kumar has merged into the five elements. 'Bharat Kumar' was crem
Shah Rukh Khan's darling Suhana Khan remains in the news a lot. She keeps sharing her pictures an
Rejecting the confusion being spread on passing the three new criminal laws, Union Home Minister
In IPL 2025, Royal Challengers Bangalore had to face defeat at home against Gujarat Titans on Wed
Bengal Governor Dr CV Anand Bose expressed concern over the incident of rape and murder of a fema
Yashasvi Jaiswal's bat has played very well in the four Test matches played against England so fa
