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23 JAN,2023 | MEDC
The RBI's January 2023 Bulletin says that India will be a $ 3.7 trillion economy in 2023. Lead indicators suggest that the domestic current account deficit is likely to reduce in 2023, while macroeconomic stability remains boosted due to inflation being contained within the official tolerance band. Amidst the uncertain global environment and gloomy economic outlook, it is not only the RBI but also many creditable international institutions that have repeatedly painted India as a bright spot. But complacency is our enemy. Things may be going relatively well, but a closer look calls for a cautious approach. In some key socioeconomic areas like education and healthcare, the picture cannot always be called encouraging, and it acts as a reality check on the narrative of our impending economic ascendancy. Infrastructure development also has to be constantly emphasized to ensure that our growth remains inclusive and sustainable.
*Picture Credit - Google
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Interactive Meeting with Mr. Jaykumar Rawal Hon'ble Minister for Tourism & Employment Guarantee Scheme Govt. of Maharashtra