|| SHANIWAR SAMWAD || 30-07-2022

 The pandemic has changed the world, and now the war between Russia and Ukraine is changing the lives of each and every one.

The new normal is not settled yet but new changes making us think and act on a priority basis.

Inflation is making headlines with the hawkish stand of the respective regulator as it is uncontrolled. 

The pandemic made us make self-dependent in most items and commodities. The war is making a major part of the globe starve due to hunger as wheat is not available in the market. The rising prices of essential commodities making life difficult.

The major economies in the world is dependent on single source for majority of goods and services, the pandemic shown that it is very dangerous and the war magnified it very with full clearity.

The Germany is solely dependent on Russia for its energy requirement so the western Europe,  war is fought on eastern front of Europe but impact is felt  on western front as supplies are getting reduced with increasing infltion.

The impact is huge and will last for long time.

The Chinese policy on zero covid is other reason for economic disruption. The supply side is not stable to predict.

This inflation target is breached due to above reason with no sign of getting reduced in near future.

The worldwide regulators and the government have no clue to get this situation change with minimum impact on its netizen.

The growth projection for current and next financial year is getting adjusted with southward trend.

This reduction in growth rate is same worldwide, the net job loss and distress due to it is now visible. The hawkish stand of regulators are visible with 75bps rate hike by US Fed recently which will make cost of  capital high.

The Dollars is getting strength against each currency and the net result is capital is leaving emerging economies.

Net conclusion if we see for future is that single source is not good option and self reliance is only solution.

The overall situation for our country is better with highest growth in last few years and same is expected this and next financial year

The micro and macro indicators are in good condition except inflation, more over good mansoon is raising hope for better time ahead..

The policy reforms are going on with clearing of warehouse amendment bill for third party reciept which will give farmers an option for  storing as well as getting loan on same with better price realization in future.

The bullion exchange is going to impact with increased transparency in bullion trade with a reduction of cost for end users.

The continuity in reforms as well as spending on asset creation either in rural or urban area is going to give the result for us in continued manner.