Economy to grow at a moderately brisk rate as inflation eases: Finance Ministry

India is expected to grow at a moderately robust rate in the coming years, according to a finance ministry study released today . Inflationary pressures will ease in the coming months with the arrival of kharif crops, while job opportunities will increase with worsening financial conditions .

Despite global monetary tightening, India is expected to grow at a moderately robust rate in the coming years, according to a finance ministry study released today.In addition, inflationary pressures will ease in the coming months with the arrival of kharif crops, while job opportunities will increase with worsening financial conditions, it said.The monthly economic review for October 2022 also warned that the global recession is a potential danger, which may have a negative effect on India's export prospects However, India's food security prospects have been addressed in the current year, with rising commodity prices and the introduction of new kharifs, according to the ministry.The year 2022, for example, will see the most robust export market, with retail or wholesale price inflation falling to a 19-month low of 8.39 percent, according to the ministry.However, export controls have ensured that the country's needs are fully met, according to the ministry.Related to the work market situation, net payroll additions in EPFO (Employees Provident Fund Organisation) increased by double-digit growth in September 2022, reflecting a greater formalization of the economy, according to the ministry.

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