Global recession, inflation worsened the condition of the countries of the world

- Antenna : Vivek Mehta

- No one can stop India from entering the expressway of development

Four 125-year-old German companies have declared bankruptcy within 24 hours. The Swiss National Bank posted a loss of $142.2 billion in the first nine months of 2022 for the first time in its 115-year history. Ravil Magnov, chairman of the board of Lukoil, Russia's second-largest oil company, suffered from depression and reportedly committed suicide by jumping from the sixth floor. As a result of the economic and social conditions caused by the global economic recession, 110 out of 1,000 people in America are taking antidepressants. 16 percent of people in America could not pay their electricity, gas and telephone bills on time. 50% of households in Britain have less than three pounds in savings at the end of the week. Supermarkets in England are now removing expiry date labels on food items. They are selling these products at the price of water. The Russia-Ukraine war has upset all their calculations.

The condition of India is very good compared to other countries of the world. India is emerging stronger from every crisis. 150 million dollars are being spent on the import of crude oil. In 2008, when the price of oil went to 100 dollars, India was broke. In 2022, when the price of cadna crossed 100 dollars, India suffered but did not break. At present, the economy of India has reached the level of the economy of Russia and Brazil. In 2014, India's economy was the 10th largest economy in the world. Today, India's economy has become the fifth largest economy in the world. By 2028, India's economy will become the third largest economy in the world. Speaking at the Business Leadership Conference, Chartered Accountant Nilesh Shah said that India's economy is really strong. India's share in global GDP was 2.6 percent. Now it has increased to 3.4 percent. In a few years it will be 4.5 to 5 percent. Countries of the world move forward by exporting. India is growing on the demand of the domestic market. In 2014, India received two dollars in foreign investment. Today an investment of 7 dollars comes in India. In 2014, India was ranked seventh in the world in automobile manufacturing, today it is ranked fourth. India has moved from being the world's fourth largest producer of steel to the second. India has moved from being the world's twelfth largest producer of mobile handsets to the second largest country in the world. Thus today the talk of Made in India is increasing worldwide. Earlier, 4 unlisted companies in India were valued at billion dollars. Today there are 106 Indian companies in the billion dollar club. Earlier there was a club from Brazil, Russia, India, China and South Africa. India's market share was 14 percent. Today that share has increased to 26 percent. India's share in emerging markets has increased from seven percent to 15 percent. Thus all the economies of the world are coming down. India's economy is going up.

India has once again become the number one economic power in the world. Yes, now that we have made good progress, it is not appropriate to be complacent. If complacency sets in, the possibility of stalling development cannot be ruled out.