India's Economy Booming with Robust Growth, GST Collections, Lower Unemployment and Inflation
• India is the fastest-growing major economy in the world, with the highest second-quarter growth globally
• India has progressed from the 10th largest to the 5th largest economy in the last 8 years
• Monthly GST collections have stabilized at Rs 1.6 lakh crore indicating economic growth
• Unemployment rate has declined from 17.8% in 2017-18 to 10% currently
• Retail inflation that had reached 7.8% in April 2022 has since approached RBI's target of 4%