Articles on the economy
With India’s ever-increasing importance in the global economy, Europe’s central banks and other key institutions need to sharpen their focus on India. The International Relations Committee of the European System of Central Banks (ESCB) established an informal India expert network in 2021.
Economic activity in India has returned to pre-pandemic levels. The recovery remains uneven, however, as the pandemic is still ongoing and continues to influence behaviour.
In the short term, the main uncertainty is how fast India recovers from the pandemic.
COVID-19 spreads in India.
After a sharp decline in January and even sharper decline in February, the Chinese economy started to recover in March.
Consider the task of lending to countries that are in severe payment difficulties, possibly involving significant danger of default.
The future of global economic institutions may be much more complex than the present.
India’s rapid phase of economic development has elevated it from the low-income rungs well into lower-middle income status.
Caucasian and Central Asian regions host ethnically and culturally diverse populations, but the countries have a long history of political and economic integration.