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.
Britain's first Indian-origin Prime Minister Rishi Sunak has completed four months. Political ana
It has not been even a year since Chandrababu Naidu was almost removed from the scene of Indian o
China Covid: Chinese government on backfoot after protests, Corona rules relaxed
China Covid: Chinese government on backfoot after protests, people are angry against zero covid p
Preparations for the Maha Kumbh are in full swing in Prayagraj. Many efforts are being made to we
India-Canada Row: After the murder of Khalistani terrorist Hardeep Singh Nijjar, there has been a
IOC Share Price Surges: Rising Petrol Prices Push Indian Oil and Other OMC Stocks Higher
OMC Stocks Rally Strongly After Petrol and Diesel Price Hike
Oil Marketing
PM Modi in India Energy Week Prime Minister Narendra Modi will inaugurate the India Energy Week (
Tibetan guru Dalai Lama is known for his simplicity, he preaches non-violence all over the world.
Vivo S2 Launch Date Leaked: 7,000mAh Battery, 50MP Periscope Camera and Flagship Features Revealed
Vivo is reportedly preparing to revive its popular S-series in India with the launch of the Vivo
Manipal Health IPO Listing: Shares Debut With 11% Gain at ₹655; Check Company’s Valuation
Manipal Health IPO investors received a major surprise on the listing day as Manipal Health share
