Indian economy is a lot more decoupled from the global economy, recession unlikely: Report
Updated: 22 Sep 2022, 11:18 AM IST
TL;DR.The US and European recessions depend on the central banks' ignoring slowing growth and opting to fight inflation instead. Meanwhile, Goldman Sachs cuts China's growth forecast for 2023 to 4.5%, down from a previous projection of 5.3%.
India was never fully integrated into the global economy and so is relatively independent of global markets.