California: US territory in Mandar Grass. This is the worst bank failure since the global financial crisis. Silicon Valley Bank has been shut down by regulators. All assets are confiscated. This is what the Federal Deposit Insurance Corporation (FDIC) said on March 10.
Accordingly, Although the financial recession in the US continues, financial surveys at the beginning of the year suggest otherwise. The developed countries of the world are still under the shadow of Covid. India’s economy is much healthier than that. So even if there is a risk of financial meltdown on foreign soil, India is relatively in a much better place. Investors are now flocking to India due to fears of a financial slowdown in the developed countries of the world. The inflation is now much under control compared to the previous year. Overall, the inflation rate is around 6 percent. Which makes India one of the investment destinations.
Read more, this step should be taken before the start of financial year 2023-24