Explained | Making Sense Of Economic Crisis: What Is Wrong With Indian Economy? | Russia Ukraine War
New Delhi: Indian rupee at an all-time low, inflation highest in over 4 decades, oil prices at unprecedented highs. We all have read similar headlines in the past few months. The frequency of such headlines has gone up exponentially since the inception of the Russia-Ukraine war. Even if this might sound gibberish to us, all these terms have a direct bearing on our pockets. Everything from the food we eat to the car we drive is impacted by these figures.Also Read – Sensex Rises Over 700 Points On Opening, Nifty Breaches 15,900; IT Stocks Up
Making Sense Of The Jargons
The global economy is driven by two factors, demand and supply. Demand is defined as the number of goods and services that are demanded by the consumers in the economy. Supply is the number of goods and services that are released by the producers like farmers, for the consumers to buy. Demand and Supply need to be consistent with each other in order to keep…
