Healthy revenue buoyancy expected for rest of the year: Finance Ministry

The Monthly Economic Report states that India is in a better position to calibrate liquidity levels without stalling growth

India is in a better position to calibrate its liquidity levels without abruptly stalling growth, even as healthy revenue buoyancy is expected to continue for the rest of the year and the touch services sectors rebound. However, downside risks will persist as the coming winter in Europe may lead to more geopolitical flare-ups.

These are the key takeaways from the latest Monthly Economic Report (for August), released by the Finance Ministry on Saturday.

“Downside risks to growth will persist insofar as India is integrated with the rest of the world. Nor is there room for complacency on the inflation front