Apply For FDI

INQUIRY


captcha
Fraud Warning Disclaimer : FDI India warns you against certain individuals that might falsely present themselves as our affiliate agents, representatives, or employees. Under this false pretence, they might try to gain access to your personal information or to acquire money as Consultation fee or any other form or other valuables from you by offering fictitious employment opportunities or by claiming that they are contacting you on our behalf. Don’t fall prey into the fraudulent misrepresentation. Such fraudulent claims and offers are received generally via email, text message, phone, or internet, etc.

FDI India would like to bring to your notice that our authorized official Email ID is inquiry@fdi.finance, . FDI India shall not be liable for any claims, damage, or loss of any kind inflicted by any other unauthorized entity. Be very mindful of such scams.
Legal : We own all the information, images, text, logo, and other content provided by us. The use of information is strictly prohibited without our consent. We hold the right to take a legal action against any individual or organization violating or using our site information.
Become A Partner Apply For FDI
Fdi India news

India’s Growth-Inflation-External Balance Triangle More Stable than Before: FinMin Report

    20 August , 2022         Fdiindia

India’s Growth-Inflation-External Balance Triangle More Stable than Before: FinMin Report

The finance ministry’s monthly economic review reports that India is better placed on the growth-inflation-external balance triangle for the financial year 2022-23 than it was a couple of months ago. This has been possible due to the government’s policy response and the Reserve Bank of India’s (RBI) monetary policy measures.

Regarding the price situation, the review said that if there are no further surprises, the downfall of global commodity prices along with the RBI’s monetary actions and the government’s financial policies are predicted to cap the inflationary stress factors in the near future.

Reducing inflationary pressures is one of the most critical areas that require the Center’s attention since the prices of essential raw materials such as iron ore, tin, and copper that are integral to the domestic manufacturing process have globally slid in July 2022.

Headline retail inflation slightly reduced to 6.7 percent in July 2022 from 7.01 percent in the previous month.

The IMF predicts that India’s economy is poised to grow at a robust rate of 7.4 percent in FY2022-23 despite global headwinds, which is the highest among the world’s major economies. The RBI has anticipated a growth rate of 7.2 percent for the ongoing financial year.

The report further said that the Index of Industrial Production (IIP) and eight principal industries signal the strengthening of industrial activity. On the other hand, the PMI (Purchasing Managers’ Index) Manufacturing reached an 8-month high in July with significant gains in the growth of new business and output.

The report also mentioned that the global investor confidence in India’s economic ecosystem is high and is further supported by solid net foreign direct investment (FDI) inflows in the first quarter of FY22 at $13.6 billion compared to an influx of $11.6 billion during the corresponding period in the previous fiscal.

India’s growth outlook for FY2022-23 may be lower than the projections made before the Ukraine-Russia conflict in Europe, which has caused a sharp increase in the prices of crude oil and essential commodities. However, India’s growth prospects are still positive and comfortably high, confirming a recovery in economic growth from the contraction caused by the COVID-19 pandemic. 


READ ALSO:

Karnataka Government Aiming for INR 1 Lakh Crore Foreign Investments

The 12th Edition of the DefExpo to be Held in Gandhinagar in October