The COVID-19 pandemic, the Russian invasion of Ukraine and the American central bank’s tight monetary policy impacted the global economy and India, too, was impacted. File photo: Reuters/ Made NagiReady for global challengesAs Finance Minister Nirmala Sitharaman prepares to present the Union budget 2023, the economic situation is much better now. The global economy will slow down sharply in 2023. The three major engines of global growth – the US, China and the Euro Zone – are in a sharp slowdown. Since 2024 is the General Election year, budget 2023 will be the last full budget of the government.
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