The International Monetary Fund (IMF) is projecting 8.2 percent growth for India in the current fiscal year, a substantial upward revision from earlier estimates and well ahead of the 3.6 percent global growth rate.
The International Monetary Fund is projecting 8.2 percent growth for India in the current fiscal year, a substantial upward revision from earlier estimates and well ahead of the 3.6 percent global growth rate.
Economists, however, warn that the uncertainties created by the Ukraine crisis pose a huge challenge in maintaining the momentum as India too grapples with the runaway fuel prices and high food inflation that are hurting countries around the globe. VOA further noted that India has a “vast informal sector” of employment, which is difficult to monitor or predict because so much of its activity consists of lone entrepreneurs working off the books.
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