The government’s thrust on capital expenditure in 2022–23 can, however, be the gamechanger this time around by enhancing productive capacity, crowding in private investment and strengthening aggregate demand amidst the conducive financial conditions engendered by the RBI, and improving business and consumer confidence.
Another silver lining is export performance to 3/7  BIS central bankers' speeches  which I shall turn presently, but unlike domestic investment, exports are in some sense hostage to global developments. Considering all these factors in February 2022, the RBI projected the growth of the Indian economy at 7.8 per cent in 2022–23.