Year 2022 has been marked by volatility on account of a wide variety of global new flows ranging from geopolitical issues, higher inflation (mainly food and energy) and hawkish action of central banks. This has led to a decline in global equities, mainly in the US and Europe. Amid all this negativity, India has relatively outperformed global peers in terms of all economicparameters (capex spend, discretionary consumption, robust pick-up in banking activity, etc).