"The budget has also announced key interventions to support the high growth of the Indian economy and bring weaker sections of society into the mainstream," the review said.
The economy is estimated to post healthy growth in this fiscal, as projected by the first advanced estimates (FAE).
"Overall demand conditions remain conducive to carrying forward the momentum built up in the economy," the report noted.
"The geopolitical tensions in Europe, spiralling energy, food, and fertiliser prices, monetary tightening, and inflationary trends have elevated the downside risks to the global economic outlook," it added.
Despite these headwinds, the Indian economy is estimated to grow by 7 per cent year on year in this fiscal, as per the FAE.
Recent indicators suggest the economy is well on track to achieve this growth, the review added.
ALCHEMPro News Desk (DS)
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