The Global Business Growth, impeding headwinds: Resilience of Indian Economy and transition to circular economy

P Muthamil Thirumagal

doi:10.34293/commerce.v12i2.7386

P Muthamil Thirumagal Associate Professor and Head, Department of Commerce, Kunthavai Naacchiyar Government Arts College for Women (A), Thanjavur, Tamil Nadu, India

DOI: https://doi.org/10.34293/commerce.v12i2.7386

Keywords: Recession, Looming Global Economic Crisis, Burgeoning Oil Bills, Transition to Renewable Energy Sources, Foreign Direct Investment, Foreign Portfolio Investors, Federal Bank, Repo, Monetary Policy

Abstract

The global economy is on the threshold of witnessing greater uncertainties and uneven development in the face of Russia-Ukraine war, China’s zero covid policy and a deep hole in the pockets of developing economies due to burgeoning oil bills and the in-built resilient nature of Indian economy to bounce back given its past record and switch over to renewable energy resources by augmenting renewable source of energy by tapping into green hydrogen.