In case of global financial meltdown, hyperinflation, economic depression India emerges as most resilient economy after Germany
Preetam Soni, Chicago
Mar. 24, 2021

International Economic Resilience (IER) Rank published by industry body PHDCCI provides the strength of economy of a country to withstand global financial meltdown, hyperinflation, or economic depression. Germany ranks first followed by India and South Korea at second and third positions in the IER Rank in 2021.

IER is based on composite analysis of five leading macroeconomic indicators that reflects a country’s economic performance including real GDP growth rate, merchandise export growth rate, current account balance (as percentage of GDP), general government net lending/borrowing (as percentage of GDP) and gross debt-to-GDP ratio.

India is expected to grow at a healthy 12% in 2021 and 2022 far exceeding US and China. Inflation is under control. Indigenous arms manufacturing initiatives are adding to the resiliency of Indian economy and defense capabilities. The bumper crop this year specially in wheat also adds resiliency to Indian economy.


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