ExplainSpeaking Growth up, unemployment down, inflation contained Did India score hattrick in 2023

The last edition of ExplainSpeaking in 2023 reflects on the key stories of the year. The Indian economy faced challenges at the start of the year, with high inflation being a major concern. However, inflation started to decrease and attention shifted to sustaining GDP growth and reducing unemployment. Globally, there was a somber mood, with many developed countries expected to enter a recession. India faced its own challenges, including stagnant private consumption expenditures and government expenditures, as well as worrisome unemployment rates. The stock markets and consumer sentiment remained negative.

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