India’s Economic Performance Review for December 2022

India’s economic performance for December 2022 showed progress, with positive movement in demand, input purchases, and monetary indicators, on top of an impressive recovery in industrial output. However, an increase in urban unemployment, a static trade deficit, and reduced capital expenditure in December were worrying spots. Nevertheless, the Indian economy is treading on a firm growth path post-COVlD, posting 6.3% growth for the second quarter of fiscal year 2022-23 (July-September 2022).

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