文本描述
Indian Economy Insights KPMG in India July 2022 — home.kpmg/inPreface — (1/2) The dawning of the year 2022 brought in a sense of fresh optimism and opportunity, even while India as well as the world continue to navigate turbulence; such as the economic consequences of the hopefully-abating COVID-19 pandemic, rising geopolitical situations dislocating global supply chains and unsettling energy markets, inflation and global currency instability. However, India currently looks set to be on a path of recovery from pandemic-induced downturns, with the government’s estimate of GDP being 8.7 per cent for FY22. The International Monetary Fund (IMF) has slightly lowered its growth forecast for FY23 to 8.2 per cent. Recent developments in Europe and its attendant effects on global energy markets, the COVID-19 induced supply logjams in China, the consequences of inflation, and the increasingly visible effects of climate change like the heat dome over North India, all reveal the need for governments and firms to stay watchful and agile, and to respond in real-time to increasingly accelerating change and evolution in the physical, social, and economic environment. The government in its