The Ukraine-Russia war, following the Covid-19 pandemic, has resulted in soaring global prices and caused fuel and food shortages. The resulting inflation has hit India hard. Retail inflation has surged to the highest point in 8 years, and both home loans and petrol have gotten more expensive.
However, this crisis also presents an opportunity for India to transform its economy, and change the balance of power in Asia.
Also Watch: The India Story Episode 6 | Is foreign education viable in a post-Covid world?
This week on The India Story, Vikram Chandra speaks to Soumya Kanti Ghosh, SBI Group Chief Economic Advisor, about how the Indian economy can weather short-term challenges for long-term gains.
We also take a look at India’s star-studded delegation at Cannes 2022, where India was the ‘Country of Honour’.