Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
An upbeat report works best with clarity on risk
Mint Mumbai
|July 10, 2023
The finance ministry's annual economic review exudes optimism on India's economy this year but its sketchy look at important concerns and risks reduces its utility as a document
-
The Indian economy stands at a crucial crossroads, with paths leading to growth and sustainable prosperity, or to a cliff edge and sheer drop. Technically, going by official statements, it looks set to carry its growth momentum into fiscal 2023-24, buoyed by favourable tailwinds and signs of a resurgence during 2022-23 (with the year's real GDP coming in at 7.2%), thereby setting the stage for a broader recovery and good times ahead. The finance ministry's Annual Economic Review for 2022-23 provides an upbeat analysis for 2023-24 based on how a concatenation of various growth drivers has propitiously emerged. On the demand side, both consumption and investment provide some signs of a revival in impetus. For consumption growth, the ministry's report draws inspiration from incipient signs of recovery and visibility of traction in various high-frequency indicators, such as sales of two-wheelers and UPI transactions. Even an investment uptick in the last quarter instills hope for India's capex thrust continuing ove
This story is from the July 10, 2023 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
In a sea of tech talent, companies can’t find the workers they want
There has rarely, if ever, been so much tech talent available in the job market. Yet many tech companies say good help is hard to find.
4 mins
October 03, 2025
Mint Mumbai
Hexaware sued for $500 million in US over patent breach
American IT services firm Natsoft Corp. has sued Hexaware Technologies Ltd for breach of contract and patent infringement, seeking $500 million in damages from the latter, in one of the biggest patent cases against an Indian IT firm.
3 mins
October 03, 2025
Mint Mumbai
GST boom ahead?
India's latest goods and services tax (GST) revenue figures paint an optimistic picture.
1 min
October 03, 2025
Mint Mumbai
H-1B clampdown may extend to US college faculty
Rising anti-immigration sentiment in the US is no longer confined to moves to limit foreign technology workers from entering the country.
2 mins
October 03, 2025
Mint Mumbai
FPIs pull record ₹2 tn on valuations, weak rupee
Heavy outflows could cap market gains; Nifty returns just 0.3% in dollar terms
2 mins
October 03, 2025
Mint Mumbai
Instant grocery delivery is going luxe to stand out
Blinkit joins the race as it expands to ozone-washed fruits and artisanal breads to cheese
2 mins
October 03, 2025
Mint Mumbai
Next-gen reforms to tackle land, women's participation
The initiatives seek to tackle some of the intractable challenges in India's development story
2 mins
October 03, 2025
Mint Mumbai
Why India's best students face a tough job market
Students entering this year's placement season are stepping into a rough job market.
2 mins
October 03, 2025
Mint Mumbai
Govt scans e-commerce cos’ COD charges, refund delays
The government will examine if cash-on-delivery charges imposed by online retailers are aimed at nudging consumers to pay upfront, and why refunds are delayed or blocked if prepaid orders are cancelled, said two people aware of the matter.
2 mins
October 03, 2025
Mint Mumbai
WHY INDIA IS SEEKING A NEW SUNRISE IN JAPAN
India missed out on Japanese investment in its initial post-reform years. That could change now
7 mins
October 03, 2025
Translate
Change font size