Inflation and economic slowdown around the world: India can get benefit, global companies are taking a stand.

In the ongoing World Economic Forum (WEF) meeting in Davos, it was feared that there could be a recession in the world this year. On Monday, the World Economic Forum said that along with the recession in 2023, the prices of food items and energy (petroleum, electricity) will increase.

However, most economists have claimed that South Asian countries, especially India, can benefit from this. Two-thirds of the economists polled by the WEF believe that a recession could come this year. This figure is double as compared to the September 2022 survey. WEF said that due to adverse conditions, businesses around the world will reduce costs. It has also been claimed in the survey that countries like India can benefit from this.

Opinion of chief economists, the current global trend is in favor of India

Almost all the economists involved in the survey believe that the economic growth of America and Europe will be weak this year. Economists were divided into two factions regarding China, but most economists believe that India can benefit from global trends such as shifting the manufacturing supply chain out of China.

India’s share in the global economy is increasing

The International Monetary Fund (IMF) has also said that India’s share in the global economy could increase from 3.4% in 2022 to 3.6% this year. It was just 1.4% in 2000.