Economic Growth To Be Sustained In Upcoming Months Says Finance Ministry Report

Current economic sentiments of the global markets and possible US recession news are all over the internet and in this situation many investors are debating about the economic crisis worldwide. However, a latest report from a finance ministry is giving a optimistic view about the Indian economy.
The report has mentioned many factors including the current GDP and inflation of the country. According to the report GDP is growing in a good speed and the inflation pressure will subside in the upcoming time.

'The real GDP in the first quarter of 2022-23 is now nearly four per cent ahead of its corresponding level of 2019-20, marking a strong beginning to India's growth revival in the post-pandemic phase', says the latest finance ministry report.

Further on the report mentioned 'India is in a better position to calibrate its liquidity levels without abruptly stalling growth'. The finance ministry mentioned that a huge growth in the government revenue will be a good help to sustain capital expenditure for rest of year.

'Increase in private consumption and higher capacity utilisation in the current year has further reinvigorated the capex cycle to take the investment rate in the first quarter of 2022-23 to one of its highest levels in the last decade' the report added.