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India to contribute 15.4% of global growth this year: IMF

News Snapshot:

Asia’s economic growth will accelerate to 4.6 per cent in 2023 from 3.8 per cent in the previous year on the back of China’s reopening from Covid-19 restrictions, the International Monetary Fund (IMF) said in a report. India will maintain its position as one of the fastest-growing economies in the world, contributing 15.4 per cent to global growth this calendar year. India and China, together, will generate about half of the global growth. China is projected to contribute 34.9 per cent to the global growth in 2023. About 70 per cent of the global growth this year will come from…

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