India is definitely a fast-growing economy, and also the biggest challenger against Chinese dominance as a world exporting nation. But Russia? We can't be sure about that because their campaign against Ukraine might be a massive cost in their economy's long term trajectory. It might be OK today, but the effects might be felt years later, especially if they haven't actually taken over Ukrainian territory.
That's true, the effect of the ongoing war with Ukraine is really a big blow on Russian and that alone is affecting its economy growth and development, such could also be as part of the reason they couldn't intervene on Iran-Israel war and US did so, Russian made lot of importations these time around than their exports in terms of the economy GDP, i think they have experienced a decline a little bit.
I'm not entirely sure about the current state of the Russian economy, but there's probably higher inflation, a slow-down in some sectors in their economy, and erosion of salaries/wages. That will definitely also slow down consumer demand and cause a recession.
The Bank Of Russia will probably print money to stimulate their economy, but that would also cause Hyperinflation.
Can anyone from Russia post their insights on the matter?