In an increasingly dystopic world, India is among a handful of countries that have got their macroeconomic policies right.
High inflation and growth have besieged most advanced economies. Russian aggression has made a difficult problem worse. European policymakers have no option but to reconsider their energy, military, and economic security.
India is reaping the benefits of structural changes that started in 2014. The thrust on digitalization, financialisation & tax compliance is yielding the right results. The focus on capex & infrastructure promises to catalyse employment is widening India’s already robust consumption basket.
India’s coordinated approach towards energy security, as well as a more robust macroeconomic stability coupled with a world increasingly looking for an alternate and reduce dependence on China, might make this an India decade, if not an India generation.
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