India has fared comparatively better in terms of hike in cost of living as compared to many developed countries such as the UK and Germany, SBI Research said in a report.
Since the beginning of the Russia-Ukraine war, there has been a surge in the cost of living in the developed world and emerging economies but India stands like an oasis in an era of uncertainty amid global inflation due to sound macro management, the report said.
Clearly, there has been a deterioration in cost of living in the aftermath of global mayhem, but India still performs significantly better compared with countries supposed to be the epitome of sound macro management.
>> Source: The Economic Times.
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