What the world is going over right now is a "Global Hyperinflation" a combination of Cost Push and demand pull inflation which is an abnormal inflation.
Instead of focusing on complicated and multivariate solutions for Indian economy, Modi government should keep it simple and focus on sending more people abroad.
We will have to understand economics in right perspective as Arthshastra which originated in India. The primary focus of which was human happiness index and was largely successful for many centuries without huge recession.
This year’s Commonwealth Summit has been billed as a grand opportunity for India not only to showcase its growing economy but also project its leadership in an emerging new world order.