India’s Economic Performance Review for November 2022

India’s economic performance for November 2022 was mixed, with encouraging signs in demand and input purchases and monetary indicators that improved due to prudent interventions by the Reserve Bank of India (RBI). However, poor industrial output in October, an increase in urban unemployment, and a significant trade deficit in November were alarming signals for the policymakers. Nevertheless, the Indian economy continues on its post-COVID growth path, posting 6.3% growth for the second quarter of fiscal year 2022-23 (July-September 2022), comparted to 8.4% in the corresponding period the previous year.