Problems India will face in the future..!? Truth revealed..!

Sowmiya Sriram
Problems india will face in the future..!? Truth revealed..!

RBI released the 26th Financial Stability Report (FSR) today. Amidst the challenges facing the international economy, fears of recession have arisen. This may also affect the indian economy. Amid the ongoing slowdown in the international market, the Central bank of india has tightened its monetary policy. This has created high volatility in the financial market.
The indian economy is amid a slowdown in international markets. However, it remains strong amid strong economic fundamentals, markets, and healthy financial and non-financial sectors. Due to this, india has a strong financial system. As the demand for credit continues to increase, the rate of investment has also started to increase. Meanwhile, the asset quality of banks has also started to improve. This could lead banks to return to profitability. Banks are also suffering amid strong liquidity, RBI said.
Amid strong developments, non-performing assets of scheduled commercial banks fell to a 7-year low of 5.0%, while net non-performing assets fell to a 10-year low of 1.3% in september 2022. This may help the banks to perform well despite the tough environment prevailing at the international level. On the one hand, RBI India's current account deficit widened to 4.4% of GDP in the september quarter. It was 2.2% in the last April-June quarter. It has increased to this extent amid increased trading activity.
India's current account deficit widened to $36.4 billion in the second quarter. It is 4.4% of the GDP. It was $18.2 billion in the first quarter. It was 2.2% of the GDP. The deficit was $9.7 billion in the first quarter of last year. The goods trade deficit in the first quarter of 2022-23 widened to $83.5 billion in July-September. It was $63 billion in the first quarter. This has fueled the current account deficit. Exports of the same services increased by 30.2% over last year. Especially software exports, trade, and transport services have also increased.
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