India to grow at moderately brisk rate: FinMin report

Indian economy is set to grow at a moderately brisk rate in the coming years on the back of macroeconomic stability, despite the global monetary tightening, the Ministry of Finance stated in its monthly economic review for October 2022. Continued macroeconomic stability of which fiscal prudence is a part and execution of various policies such as Gati Shakti, National Logistics Policy and the Production-Linked Incentive schemes lend further upside to India’s growth prospects. The ministry further stated that inflation would ease in the coming months with the arrival of kharif crops and hiring by firms is likely to increase with improvement in business prospects.