The World Economy is passing through difficult times. First COVID-19 and now Russia-Ukraine war has caused massive economic disruption all over the world. Nations all across the globe are abandoning globalisation and resorting to protectionist policies to protect their economic interests. As far as India is concerned the recently released Report on Currency and Finance by RBI states that it will take more than 12 years for the Indian Economy to recover fully from the adverse effects of COVID-19.