Here is a brief summary and analysis of an excellent document that tells us the current state of The Indian Economy and decrypts, what happened in the global economy last year and how did Indian Economy perform.

In a situation of global economic turmoil, India has managed its economy very well. We have the highest growth rate amongst the major economies. In line with US rate hikes, India has also increased its policy rates to 6.75%. This has kept inflation in check. Many think that the policy rates may be close to the peak. With the post-pandemic rebound the customer confidence is high. Tax collections are buoyant, particularly GST collections have been very robust. This will keep the Fiscal deficit in check.

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