Monthly Economic Review: Indian economy’s performance ‘impressive’, growth and inflation still a big concern

Finance Ministry

Economic growth and rising inflation remain major concerns for the Indian economy. Finance Minister Nirmala Sitharaman also said that these challenges will remain in focus in the next Union Budget. On the other hand, the Finance Ministry’s Economic Review meeting released for the month of September said that India’s economic performance in the first half of 2022-23 has been “impressive”.

According to the Finance Ministry’s review report, India’s economic performance in the first half of 2022-23 has been impressive as compared to the world. According to the PMI Composite Index, India’s economic activity level during April to September 2022 stood at 56.7, which is better as compared to the world level of 51.0. These things have been said in the economic review released by the Finance Ministry on Saturday.

“While wholesale inflation has declined from its peak of 16.6 per cent in May 2022 to 10.7 per cent in September 2022. This is due to moderation in commodity prices and government measures. Retail inflation is due to rise in food prices from RBI’s upper tolerance band. However, food inflation is expected to moderate as the harvesting and procurement season approaches.

Expansion

Economic growth and rising inflation remain major concerns for the Indian economy. Finance Minister Nirmala Sitharaman also said that these challenges will remain in focus in the next Union Budget. On the other hand, the Finance Ministry’s Economic Review meeting released for the month of September said that India’s economic performance in the first half of 2022-23 has been “impressive”.

According to the Finance Ministry’s review report, India’s economic performance in the first half of 2022-23 has been impressive as compared to the world. According to the PMI Composite Index, India’s economic activity level stood at 56.7 during April-September 2022 as compared to the world level of 51.0, which is better. These things have been said in the economic review released by the Finance Ministry on Saturday.

“While wholesale inflation has declined from its peak of 16.6 per cent in May 2022 to 10.7 per cent in September 2022. This is due to moderation in commodity prices and government measures. Retail inflation is due to rise in food prices from RBI’s upper tolerance band. However, food inflation is expected to moderate as the harvesting and procurement season approaches.