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.
Realme Narzo N55: realme's new phone launched in India, features are very special
Chinese smartphone company Realme has launched its new smartphone Realme Narzo N55 in India. This
Maharashtra: MNS rally against traders' protest, police detain activists
In response to the protest by traders against the slapping of a food stall owner in Maharashtra,
Punjab Police has arrested another Pakistani spy in the second major action in the last 24 hours.
To defeat the National Democratic Alliance (NDA) in the upcoming Lok Sabha elections to be held i
The bad economic condition has taken away all the swagger of Pakistan and now it has reached almo
Today, five years since the terrorist attack that took place on 14 February 2019 in Pulwama, Srin
Atiq targeted Muslims the most, Ashraf abducted a minor from the madrasa and raped her overnight
After the murder of Mafia Atiq Ahmed, the victims of his atrocities have also started coming forw
Congress President Mallikarjun Kharge said that to win the Lok Sabha elections, we will have to f
A case has been filed against two managers of Aryan Company for the helicopter crash in Gaurimai
Former Indian cricketer and commentator Sanjay Manjrekar has praised the Indian batting in Manche
