INSUBCONTINENT EXCLUSIVE:
Chennai: Among the emerging nations, India seems to be the worst affected by the Covid-19 pandemic as the strength of the economy has
perception of the economy based on parameters like real GDP growth, inflation, fiscal deficit and bank credit, has deteriorated in all the
emerging economies, as per a report by Motilal Oswal Financial Services
However, India was the most affected in the first half and Taiwan was the least affected
The study examined macro-economic parameters in emerging economies like India, Brazil, China, Indonesia, South Korea, Malaysia, Russia,
the highest contraction among the 10 emerging markets
India is also the only economy with a double-digit contraction
will be the highest in India
Inflation has eased in most of the emerging economies, except India
Average inflation during the nine-month period of 2020 has more-than-doubled in India, while in most of the emerging nations it was lower
China, Brazil and Russia have higher fiscal deficits than India
Macro-Vulnerability Index, which calculates macro risk based on inflation, fiscal deficit and current account deficit, also is not
till August also shows that India is one among the emerging countries which saw a higher decline in merchandise exports
While Taiwan saw a growth of 2.4 per cent, China had a marginal decline of 0.8 per cent.
