IN INDIA, UNCERTAINTY over the economic outlook was highest this year, especially after the devastating second wave. However, after fighting several odds, the country’s economy is on a steady path of recovery, as per economists. After plunging to a long term low, the GDP development rate has ricocheted back. India’s economy is expected to grow by 8.5 per cent in 2022, according to International Monetary Fund projections. The government’s infrastructure push, effective monetary policy, widening of the performance-linked incentive scheme, structural reforms, crypto and digital assets along with boost in financial technology in rural India are one of the major components that are expected to fuel the economic recovery. Here are the top five early trends that will accelerate economic growth in 2022.
Effective Monetary Policy
This story is from the January 12, 2022 edition of Businessworld.
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This story is from the January 12, 2022 edition of Businessworld.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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