In his New Year message to around 9.35 lakh employees of the Tata Group, he said increasing consumption, consumer confidence and investment will support India's growth story although the global environment has several risk factors, including the energy crisis in Europe, the battle to contain inflation to avoid recession, and ongoing geopolitical conflicts. Get more Economy & Infra News and Business News on Zee Business.
Indian economy faced several ups and downs in 2022 due to issues like inflation, falling value of INR, rising unemployment and many more. Get more Economy & Infra News and Business News on Zee Business.
Service Sector Tumbling: The depreciation of the rupee posed additional challenges to the Indian economy. The latest report is contrary to the data that showed private sector sales rose at the weakest pace in six months, amid softer increases in the manufacturing and services economies.