Against the uncertain global backdrop, India has been in the spotlight for being the fastest growing major economy. Foreign investors are acknowledging India’s growth prospects. India as an emerging market clearly stands out.
In recent years, India’s economic growth has surpassed expectations. For instance, during the peak of Covid-19 in FY21, India’s GDP contracted by 6.6% compared to the estimate of a contraction of 9.5%. At the onset of Covid-19, the Reserve Bank of India (RBI) was proactive with its monetary easing and liquidity support. It needs to
