India's economic growth will be high compared to America, China or Russia

- Confusion of economics: Dhawal Mehta

- The Green Revolution has saved India from frequent droughts

India's economy is progressing at the highest economic growth rate in the world. Its economic growth rate is higher than that of China, America or Russia. Currently, many agencies of the world have predicted India's 2022-2023 Ph.D. India's economic growth rate for 2022-2023 will be higher than the economic growth rate of America, China or Russia, even though the economic growth rate estimates for the year (which will end on 31st March, 2023) are gradually reduced. At present, the Reserve Bank of India and the Government of India have only one major concern that a half percent increase in bank rates to curb inflation does not push India into recession. One of the reasons behind India's economic viability is the remarkable performance of its agricultural sector. Opponents of the green revolution are now sitting with their mouths open and so are the Narmada dam opponents. The Green Revolution has saved India from frequent droughts.

Inflation in the country is limited by:

Although the inflation rate in India has been above the 6 percent limit in the last nine months and it will be 7.4 percent in September 2022 and 8.6 percent in foodgrains, the government may criticize the Reserve Bank's performance, but if we check these figures in comparison to other countries, our eyes will be widened. . Naturally, the question in everyone's mind would be why the governments of many countries like Sri Lanka have not fallen yet despite such high inflation rates. America, which considers itself the 'Khan' in economic management, has an inflation rate of 8.3 percent higher than India's inflation rate of 7.4 percent in September 2022. America has been accustomed to inflation rates of two or three percent for many decades. If the rate of inflation continues to be higher than 4 percent, the Federal Reserve of America panics and all countries are worried that America will spread recession in its own country as well as in other countries in order to cope with the inflation rate of 8.3 percent. The rate of inflation in the UK is 9.9%, in Turkey it is 83.5% and in Argentina it is also 38.5%. In Sri Lanka it is 69.8% and the government of Sri Lanka has fallen. Inflation rate in Pakistan is 23.2 percent. There are some countries whose inflation rate makes you dizzy, Zimbabwe (280 percent), Lebanon (162 percent), Syria (139 percent), a major producer of fuel oil, Venezuela (114 percent) etc. Now see how insignificant India's inflation rate of 7.4 percent looks? For this, the Government of India and the Reserve Bank have to give credit. However, India has to be careful in following matters.

1. India's foreign exchange reserves are dwindling. Earlier it was enough to meet India's entire year's imports, now it can meet eight or nine months of India's imports. It will increase the prices of fuel oil and gas intolerable. High prices have increased our input costs unbearably High crude and fuel prices have left Sri Lanka's foreign exchange nearly zero and all its petrol pumps have 'no stock' boards. India can now get petrol from Russia at a low (subsidized) price so there is no foreign exchange crisis in India but it is a matter of concern that India's foreign exchange is slowly depleting. India gets cheap crude oil from Russia and does not impose sanctions on the import of Russian crude oil, so America is very angry with India.