Indian Economy News

India’s performance better than the US, UK, and Germany in managing the cost of living amid economic slowdown: Report

  • IBEF
  • December 5, 2022

Despite inflation and several macroeconomic shocks, India continues to “stand like an oasis in this era of uncertainty”, according to a report by SBI Ecowrap. The report compared the cost of living in India with the US, UK, and Germany; in terms of food prices, India performed better than the other countries.

The report stated, “What cost ₹100 in September 2021 across countries, now is up by ₹25 in the US, ₹18 in the UK, ₹33 in Germany, and ₹15 in India”. India also performed better in terms of energy prices and cost of living Housing.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.