|| SHANIWAR SAMWAD || 25/03/2023

 The storm which was coming due to the SVB failure has been stopped by the US government by allowing depositors to withdraw the complete deposit amount. Other banks are facing a similar problem or other is looked upon by the federal government.

The Credit Swiss Bank got merged with UBS, and the potential meltdown due to these incidents got addressed in a proper way.

The cost of capital and lending rate mismatch after the lockdown in the world led to the current problem, along with doles given to citizens in western countries during the lockdown period.

In our country, we kept things under control with the proper management of the situation along with direct transfer in the account, this not kept our economy in the right shape but also led to a high growth path, which is sustained.

Micro and macroeconomic indicators are stable and buoyancy in tax collection is giving the government to spend on asset creation which is also enhancing the purchasing power with stable income and wealth creation.

The rating agencies are not upgrading our sovereign rating, which is not affecting the total inward investment from across the world. The no. of proposals and the investment amounts are increasing with each passing day.

The overall situation is going to improve as crude prices has been relatively stable in comparison to last year, once the effect of war recedes the business opportunity will increase with increasing export, still our exports are increasing with impressive figures in services and goods.

The crude price decline will help us to get our current account deficit to become a surplus in the coming years which is already visible now and stable income for the government like taxes and dividends. Moreover, asset monetization and disinvestment is slowly getting traction which in turn will reduce the borrowing by the government so less out go by the way of interest and ample liquidity in the system for corporates and other.

The nation is moving towards self sustainable mode with flying colors.

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