The world, which has recovered from the biggest economic and humanitarian crisis since World War II, is facing the threat of inflation along with the recession.  The economies of different countries of the world were just starting to get back on track when the war started between Russia and Ukraine created a new crisis.  It disrupted food and energy supplies in the rest of the world, including all of Europe.  As a result, there has been a huge fall in the stock markets.  

This supply crunch has exacerbated global inflation, causing the prices of food and beverages to rise suddenly by several percent.  This food and energy crisis is also affecting the economic policies and plans of the countries, which in the long run will lead to economic instability and geopolitical tensions.  

According to the recent reports by the International Monetary Fund, the World Bank, and global financial institutions, the world economy is expected to grow at a rate of 5.8 percent in 2021, 2.7 percent in 2022, and 2.6 percent in 2023, which were released in April 2022.  Much less than expected.  The way inflation raised inflation, banks in all countries, including the US Federal Bank, raised interest rates, which ultimately affected investment.  Due to less investment, employment and growth rate will also be low.  

However, inflation is expected to decline from 7.3 percent in 2022 to 4.2 percent in 2023 and 2.7 percent in 2024.  However, the growth rate of China and Asian countries will be better than Europe and America.  While the growth rate of the economies of America and Europe will be around 2 to 3 percent, while China's 3.3 percent, Indonesia's 5.3 percent, Malaysia's 5.1 percent, Philippines's 6.7 percent, and Thailand's * 2.8 percent.  

Amidst all these threats, apprehensions, and negative environment, the Indian economy will grow at the rate of about 7 percent in 2022-23.  of the Shanghai Cooperation Organization Recently a meeting was held in Samarkand city of Uzbekistan, in this meeting Indian Prime Minister Narendra Modi said that India is going to become the fastest growing economy as well as the hub of the manufacturing sector with a rate of 7.5 percent.  The Prime Minister said that 70000 new startups have been formed in India, of which more than 100 are unicorns.  

India is going to increase its focus on technology, research, and development in the future also, which will keep India among the fastest-growing economies in the world.  High levels of foreign exchange reserves, sustained foreign investment, and export earnings have strengthened the economic status.  

In the circumstances arising due to Corona and the Russo-Ukraine war, the increasing interest rates of foreign banks also drove investment back and the stock market also saw a decline.