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ufaber
17 Min Read

Highlights of the Economic Survey 2022-23 Indianeconomy staging a broad based recovery across sectors, positioning to ascend to pre-pandemic growth path in FY23 Retailinflation is back within RBI’s target range in November 2022 DirectTax collections for the period April-November 2022 remains buoyant EnhancedEmployment generation seen in the declining urban unemployment rate and in the faster net registration in Employee Provident Fund Creatingpublic goods to enhance opportunities, efficiencies and ease of living, trust-based governance, enhancing agricultural productivity and promoting the private sector as a co-partner in development is the focus of the government reforms Cleanerbalance sheets led to enhanced lending by financial institutions Growthin credit offtake, increased private capex to usher virtuous investment cycle Non-foodcredit offtake by Scheduled Commercial Banks growing in double digits since April 2022 GrossNon-Performing Assets (GNPA) ratio of SCBs has fallen to a seven-year low of 0…