Clearly, India has a potential advantage of demographic dividend over its emerging market peers and, in case we want to reap its benefits, we need to invest in human capital.
Year-on-year inflation in the euro area reached 5% in December, with around half coming from energy prices. These same factors are in turn weighing on growth in the near term, which slowed at the end of last year. Higher energy prices are cutting into household incomes and denting confidence, while supply bottlenecks are leading to shortages in the manufacturing sector.