As the New Year begins amid renewed hope, what will 2023 hold for the economy — both Indian and global?
As the New Year begins amid renewed hope, what will 2023 hold for the economy — both Indian and global? Here are four questions whose answers hold the key.
India continues to take proactive steps to reach their goal of $5 trillion economy. (HT file photo)
Data from the Petroleum Planning and Analysis Cell (PPAC) shows that the international price of crude oil (Indian basket) rose to $113 per barrel in March 2022 from $94 in February 2022. The US Federal Reserve has administered a cumulative rate hike of 4.25 percentage points in 2022. IMF’s latest World Economic Outlook expects China’s GDP to grow at just 3.2% in 2022.India on average got 1073mm of monsoon rain in 2022, 10.5% more than the 1961-2010 average of 970mm.