IMPACT OF GLOBAL ISSUES ON POST-PANDEMIC INDIAN ECONOMY

When the nation is gradually coming out of the deadly corona crisis, the Indian economy is believed to be on the recovery path, and as per IMF and other International financial reports, the GDP of India is estimated at around8%, the financial impact of global issues and crisis is bound to have an ostensible impact on the Indian economy. The research can not happen in a vacuum as the invasion of Russia into Ukraine, Sri Lanka economic crisis, China’s resurgence of corona cases, and Australia’s visits are a few incidents that have a phenomenal impact on Indian financial and economic performance. The Atmanirbhar Bharat and timely geopolitical and economic decisions are said to be a savior in post-pandemic times. Reserve Bank of India engages in the merger and acquisition of financial institutions and has been working for digitalization after the demonetization since 2016. The severe impact of COVID-19 on the health sector is apparently, on the road to further improvement. Although technologies are incorporated almost in every sector be it business, trade, education, agriculture, or production yet there is sufficient scope for the advancements. The upcoming paper is designed to examine the impact of the global crisis on the performance of the Indian economy. The paper will assess the extent of the implications of current international events and happenings on the self-reliant Indian economy. The said consequences will be measured on the basis of economic factors like inflation, debt sustainability, and price index amid the Vocal for Local slogan. The western European countries and south Asian countries have set their respective manifestations and geopolitical agenda to look after. The information from secondary sources, books, journals on digital platforms, and websites shall be referred to. The economic and financial aspect of every economy has certain considerations which are vital to go through for an unbiased outcome. The surge in the international prices of crude oil is a significant cause of inflation in the Indian economy as discussed by professionals and subject experts. The outcome of the paper shall conclude with the economic implications on the Indian economy in light of a series of global incidents after the pandemic has entered its third year.

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Keywords: Global Issues, Indian Economy, Atmanirbhar Bharat, Digitalization.


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