A few of the governments steps have yielded great results. The boost to manufacturing from the lower tax rate on new manufacturing companies to the PLI schemes being announced is helping make India stronger in manufacturing.

As the world normalizes from the Omicron lead wave three of the pandemic, there are multiple moving parts to the global economy. Inflation is running above most central banks comfort zone and the Federal Reserve’s rate hike and liquidity withdrawal announcements have given global markets a bit of a jolt. 

USA is experiencing a very strong economic growth and very low unemployment, while China is coming hard on its real estate sector which is causing some issues in its local financial markets and threatens to make a lot of people unemployed while in India, some sectors like IT are seeing huge increments in salaries while it is reported that the lower segments of the society have seen a reduction in wages over the last five years. 

Greed has become commonplace and this can be seen across easy money making that people have experienced in the stock market to the number of people who are speculating in alternative assets. The case of a startup founder who was asked to step down from the company for investigations of fraud and also an alleged recording that was leaked where he was threatening a bank employee for an opportunity lost. These instances should serve as reminders for us to check our own orientation on the emotional spectrum. 

Meanwhile, there is greed and fear being played out between the NATO forces and Russia with respect to Ukraine. We hope that peaceful negotiations can ensue and a war can be averted.