Five key trends that will affect India’s economy in 2023
2 years ago

Five key trends that will affect India’s economy in 2023

Live Mint  

After two tumultuous years, finally we will be ending 2022 with some optimism. 'Bid to sully India’s tag as pharmacy of the world' 'EVs won’t need sops once market share surges' 2023 brings hope for FMCG companies Global headwinds to accentuate: With global GDP growth slowing to 2.7% in 2023 from 3.2% in 2022, the Indian economy cannot remain immune. With the recent sharp fall in food price inflation, household inflationary expectations are likely to moderate, and that, along with a moderation in global commodity prices, should help contain core inflation to some extent. India’s share in global merchandise trade in the last decade has increased by a tiny 0.2 percentage point to 1.8%. The global slowdown and tightening of finance conditions will impact India’s economy through various channels.

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