India to grow at ‘moderately brisk rate’, inflation to ease: Finance ministry

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NEW DELHI: India is well placed to grow at a “moderately brisk rate” in the coming years on the back of macroeconomic stability, despite global monetary tightening, a finance ministry report said on Thursday.
It further said inflationary pressures will ease in the coming months with the arrival of kharif crops and at the same time job opportunities will increase with improvement in business prospects.
The ‘Monthly Economic Review for October 2022’ also cautioned that the US monetary tightening is a “future risk” which could lead to dip in stock prices, weaker currencies and higher bond yields, resulting in higher borrowing costs for many governments around the world.
It said a rapid deterioration in global growth prospects, high inflation, and worsening financial conditions have increased fears of an impending global recession.
The spillovers of the global slowdown may dampen India’s…

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