Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation
The GDP expanded by 4.1 per cent in the final quarter of the 2021-22 fiscal year, according to data released by the National Statistical Office.
'Employment generation is both a near-term and long-term priority', said Nageswaran
The investment from private sector has been muted for past many years despite several measures, including corporate tax cut, taken by the government to reinvigorate it
Chief Economic Advisor V Anantha Nageswaran on Friday said prudent budget assumptions for FY23 will ensure that the macro-fundamentals will be able to hold-up in the near-term.