Dear Readers,

The hike in the price of crude oil caused by the supply chain disruptions due to the Ukraine-
Russia war and there to inflation has adversely affected the global economy. There is a fear of global
recession. Its impact is also on the Indian economy.RBI Governor said that the Indian economy remains resilient despite formidable global headwinds and
amidst fears of a recession in developed nations. Continuous monitoring is needed on the widening of
trade deficit and the continuous decline in forex reserves.