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India better placed as world deals with Covid, economic headwinds

From a full-blown war in Europe to China's botched-up exit from its zero-Covid policy, the first of a yearender series assesses how geopolitics and geoeconomics played out for India

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Central banks have had to raise rates to compensate, throwing recovery from pandemic-induced recessions into doubt | Photo: Bloomberg

Mihir S Sharma New Delhi

4 min read Last Updated : Dec 24 2022 | 8:03 AM IST

The year 2022 was supposed to be when “normality” returned to India and the world, resetting the world economy after two years in which the Covid-19 pandemic raged across the globe -- killing millions, sending economies into deep recession, and severely disrupting supply chains.

Yet, even as the pandemic slowly retreated from much of the world, geopolitical rivalries and geoeconomic disruptions took over. The year began, in February, with a full-scale land war in Europe; and it ends with a resurgence of Covid-19 in what had been the last remaining holdout of ‘Covid Zero’ and lockdowns, the People’s Republic of

Topics : Coronavirus Indian Economy Modi govt

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