Having successfully navigated the pain points of Covid-19, the economy is well poised to build on the positives. While the Reserve Bank of India (RBI) has forecast a lower GDP growth rate of 6.8 per cent for FY23 from 7 per cent earlier at its recent monetary review, the reality is that we have emerged as a source of global economic stability and are still the fastest-growing large economy.
On the global front, 2023 is likely to be a much slower-growth environment than 2022, with a deliberate deceleration in the developed markets engineered by the G-10 central banks to cool
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