Article In Press

Just a few days ago former IMF Chief Economist Ken Rogoff predicted that the USA will plunge into recession due to supply shocks from the ongoing war in Ukraine and the inflation crisis adding to it. Also, the World Bank chief, David Malpass had said that the ongoing inflation might last for two years and some countries will find it ‘very hard’ to avoid recession. But what will happen to India due to this catastrophe? We all know that when the US sneezes, the world catches a cold - which means that a recession in the US will leave a cascading effect on other economies like what happened in the aftermath of the 2008 US Housing crisis.