India’s GDP at the constant price has increased 93 per cent from Rs 76.5 lakh crore in FY10 to Rs 147.4 lakh crore in FY22. The government’s gross tax revenue to GDP ratio has improved to 17.1 per cent in FY22 from 8.2 per cent in FY10.
The inflation prints in the near term is expected to remain higher around 7 per cent, with a gradual move likely towards MPCs upper threshold of 6 per cent by end-FY2023."We expect inflation to remain elevated with a return to the sub-6 .