‘Recovery complete’
• Indian economy is staging a broad-based recovery across sectors, positioning to ascend to the pre-pandemic growth path in FY23. The capital expenditure of the government and crowding in the private capex led by strengthening balance sheets of companies is a growth drivers for the Indian economy in the current year
• Retail inflation was back within RBI’s target range in November 2022. Direct tax collections for April-November 2022 remained buoyant
• Indian economy is staging a broad-based recovery across sectors, positioning to ascend to the pre-pandemic growth path in FY23. The capital expenditure of the government and crowding in the private capex led by strengthening balance sheets of companies is a growth drivers for the Indian economy in the current year
• Retail inflation was back within RBI’s target range in November 2022. Direct tax collections for April-November 2022 remained buoyant
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