Indian economy staging a broad based recovery across sectors, positioning to ascend to pre-pandemic growth path in FY23 Retail inflation is back within RBI's target range in November 2022 Direct Tax collections for the period April-November 2022 remains buoyant Enhanced Employment generation seen in the declining urban unemployment rate and in the faster net registration in Employee Provident Fund Creating public 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 Cleaner balance sheets led to enhanced lending by financial institutions Growth in credit offtake, increased private capex to usher virtuous investment cycle Non-food credit offtake by Scheduled Commercial Banks growing in double digits since April 2022 Gross Non-Performing Assets (GNPA) ratio of SCBs has fallen to a seven-year low of 5.0 Social sector expenditure (Centre and States combined) increases to Rs.
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