The post-pandemic global economic recovery has been affected by the ongoing geopolitical conditions.The global economy continues to remain depressed with significant disruptions in supply chain resulting in food and fuel price shocks.These are also prime contributors to high inflation and subsequent tightening in global monetary policies.However,despite external shocks,India performed unusually well when economy of most of the countries are distressed and registering even negative growth.With 7 percent growth forecast for the year 2022-23,it will be the fastest growing major economy in the world.Indian economy will also become fifth biggest economy in the world overtaking United Kingdom.
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