Committed To Macroeconomic Financial Stability Despite Global Headwinds Centre

The current state of the world economy is extremely unstable due to factors such as Ukraine crisis, the response of the financial and commodity markets to shifting conditions and tight monetary policy

Despite global challenges, the government is nevertheless dedicated to ensuring sound macroeconomic fundamentals and financial stability, according to a finance ministry report.

The current state of the world economy is extremely unstable due to factors such as global unpredictability, the Ukraine crisis, the response of the financial and commodity markets to shifting conditions, tight monetary policy, etc.

The statement on Half Yearly Review of the Trends in Receipts and Expenditure in relation to the Budget at the end of the first half of FY’23 reads, “However, despite hurdles, the Indian economy has performed reasonably well as compared to other major economies and shown its resilience amidst the global slowdown and global uncertainties.”

The…

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