India’s Top 500 Value Creators 2023

12 | India’s Top 500 Value Creators 2023 INDIAN ECONOMIC UPDATE I ndian economy managed to fend off turbulences caused by geo- political tensions, disruption in global supply chains, high inflation, and r ising interest rates due to monetary tightening in FY23. It showed remarkable resilience even as the global economic growth almost halved to 3.5% in 2022 from6.3% in 2021. The strong macroeconomic fundamentals supported by the strength of the domest ic demand helped India position better than other major economies in the challenging external environment. India clocked the second highest GDP growth among G20 countries and substantially above average growth for emerging market economies. In terms of GDP growth, India better positioned against the major part of world Data pertains to GDP growth in FY23 for India and CY2022 for others Source: IMF, MOSPI Dun & Bradstreet