Even before it was comforted that the Abbada Corona was extinct, the new type of corona, Omigron, was beginning to make its mark internationally.
It is said to propagate many times faster than the first stage corona. Thus the nations of the world are in fear of what kind of consequences this will have.
Now that the economy is back on track, there are fears that the new virus could have an impact. Even as stock markets have continued to peak over the past few months, foreign investment rates have begun to rise. What will the economic growth rate be like in the meantime?
Fear of inflation
Inflation is at an all-time high as commodity prices rise internationally. With the need coming back, the supply may not be enough. However, it is comforting to note that the price of metals has fallen slightly in China, which is currently beginning to grow.
Consumer demand
As the economy plummeted due to the corona, job losses increased last year. Although the impact of the corona has begun to wane in the current year, there are also concerns that it may have some impact on overall growth. However there may still be some pressure in the informal sector. Thus there is also the fear of seeing the need fall.
However, with the second phase of tidal surge in India, there is currently no sign of a tidal wave. This is a somewhat comforting thing. Thus the demand is also expected to increase.
Interest rate
As international inflation peaks, interest rates are expected to rise. Some banks have also taken steps in this regard. This is also expected to be reflected in economic growth in the coming year.
Government action
The government is expected to continue its monetary policy for the next few years, as the current fiscal deficit continues to be huge. This can also be good for the economy. It plans to use the proceeds from the sale of shares in some public sector companies to raise funds, especially for the development of the infrastructure sector. Large funds are expected to be raised, especially in the next 12 – 18 months.
Bring in investments
Now that the economy is recovering, the growth rate is likely to pick up in the coming quarters. Especially the growth rate for the next 2 years is expected to see growth. Due to this, the value of the Indian rupee against the dollar is expected to return to the growth path.
Indian economy to grow above 10%: Nitish Ayog Rajiv Kumar
It is safe to say that the Indian economy, which is recovering rapidly from the effects of the corona epidemic, has been hit hard by festive trade, despite rising fuel prices and a coal crisis.
In this context, Rajiv Kumar, Vice President, Nitish Ayog, the think tank organization of the Central Government, has made an important announcement on India’s economic growth.
