Tag: Monetray policy

India's economic growth has surpassed that of the United Kingdom, making it the world's fifth biggest economy. India's growth is inevitable in the following years, thanks to its large pool of young people poised to enter the middle class and its thriving digital environment. Evidence from SBI Research suggests that India may overtake Japan and become the third biggest economy by the end of this decade. Inflation has not skyrocketed in India despite the Covid epidemic and the Ukraine conflict, and the country has avoided the energy crises that have plagued nations like the United Kingdom. GoI's resolution to not build up a huge budget deficit was correct despite the temptation to replicate the West's excessive stimulus programmes. More creative problem-solving is required for the de...