This document is the April 2023 edition of the Reserve Bank of India's monthly Bulletin. It contains the Monetary Policy Statement, a Monetary Policy Report, a speech, and five insightful articles. These articles delve into the state of the Indian economy, recent shifts in inflation, factors influencing state capital outlay, the impact of industrial relations codes on labour productivity, and a new indicator for realty sector activity. This free download is essential for anyone interested in India's economic landscape and policy.