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CONTENTS
Chapter No. Page No. Name of the Chapter
1 State of the Economy
3 Introduction
4 Sectoral Trends
9 Demand Trends
14 Barbell Strategy, Safety Nets and Agile Response
24 Vaccination
26 Macroeconomic Stability
33 Supply Side Reforms
38 Growth Outlook
2 Fiscal Developments
44 Introductions
45 Fiscal Policy Strategy in the Aftermath of the Pandemic Outbreak
48 Performance of Fiscal Indicators during 2021-22
54 Long-Term Trends in Government Finances: Centre, States & General Government
72 Policy Measures to enhance the Efficiency of Government Spending
3 External Sector
86 Global Economic Environment
88 Developments in India’s Merchandise Trade
98 Trade in Services
100 Private Transfers
100 Invisibles
101 Current Account Balance
102 Capital Account/ Financial Account
104 BOP Balance and Foreign Exchange Reserves
105 Movement in Exchange rate
107 Net International Investment Position
107 External Debt
4 Monetary Management and Financial Intermediation
118 Monetary Developments
122 Liquidity Conditions and its Management
124 Developments in G-Sec Market
125 Banking Sector
129 Monetary Transmission – Bank Lending and Deposit Rates
132 Bank Credit Growth
135 Non-Banking Financial Companies (NBFCs) Sector
138 Development in Capital Markets