Indian economy to accelerate at fastest pace: Fin Min report

The Indian economy is poised to grow at the quickest pace among the league of large nations on the back of various initiatives taken by the government in Budget 2022-23, said the Finance Ministry’s Monthly Economic Review.

The current year may as well end with an economic reset manifest of a post-Covid world…Manufacturing and Construction will be the ‘growth drivers’, triggered by the PLI schemes and public capex in infrastructure, the review report said.

Agriculture, which continues to see a constant increase in net sown area and crop diversification, will strengthen food buffers while benefiting farmers through generous volumes of procurement at remunerative minimum support prices and income transfers through PM KISAN scheme, it added.

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