The finance ministry’s monthly economic review underscores persistent concerns over inflation, emphasizing vigilance from the government and RBI. Monitoring external sector financial flows is crucial for the rupee and balance of payments. Despite global challenges, India’s FY24 growth outlook is positive, supported by infrastructure investment and digital advancements. Consumer price inflation dipped in October 2023, indicating potential effects of policy measures and monetary tightening. The Indian economy remains resilient, driven by solid domestic demand, with notable progress in the agriculture sector. The report advocates complete monetary policy transmission to moderate domestic demand amid global uncertainties and overvalued US stocks.