Despite the massive disruptions in both demand and supply side factors as caused by the COVID-19 pandemic and further geopolitical distress, India is the only economy among the top ten leading economies which has shown consistent improvement in its macroeconomic performance during the last four years, an industry body said in a report.
In the ranking of International Economic Resilience (IER) of the Top 10 Countries in each of the years between 2019 and 2022, India has consistently improved its position from sixth position in 2019 to third position in 2021 and is projected to further improve it to second position in 2022, according to data released by PHD Chamber of Commerce and Industry in its report Pre and Post COVID Economic Dynamics of Leading Economies.
