Economic Survey 2022-23: What does it say about inflation and employment

Economic Survey said that RBI's inflation projections for FY23 are neither too low nor too high

The management of inflation in India has been "particularly noteworthy", in contrast with advanced economies, the Economic Survey 2022-23 released Tuesday said. It said that in 2023-24 (FY24), the inflation challenge is expected to be "less stiff" than it was in FY23.

"Due to the anticipated slowdown in advanced economies, inflation risks coming from global commodity prices are likely to be lower in FY24 than in FY23. However, in terms of overall risks to the benign baseline view on inflation, upside risks to India's projected rates may outweigh the downside risks," it said.

It also said that the Reserve Bank