India has been making headlines since 2025, with the introduction of trade tariffs from the USA. This is a good beginning for India because, as a nation, we can explore more avenues to export our produce and manufactured goods through trade, benefiting nations. At the moment, if one were to look closely, the signing of new trade deals. This has given India some level of confidence in making its presence felt in world trade.

The global disturbances have been affecting many nations on multiple fronts. Prices of raw materials and basic food and fuel prices saw a spike in prices. Inflation had been at an all-time high for the European economy, and this meeting in September underlined the fact that they were looking to keep inflation within a 2% band in the medium term. Keeping this in context, the central bank announced a rate hike of 25 basis points in its three interest rates.

The global economy is enduring a phase of uncertainty, combined with the oil shortage due to the war in West Asia. Considering all these factors in place, many of the central bankers across the globe have gone into caution mode- mostly a pause in the movement of interest rates.