Question
Consider the following in regards to IMF projections on
India: 1) India is expected to contribute over 16 percent of global growth 2) Sectors like infrastructure and digitalization have made India a "star performer" among countries 3) The current account deficit is expected to improve to 1.8 percent of GDP. Which of the following statements is correct?Solution
India is expected to contribute over 16 percent of global growth as economic reforms in key sectors like infrastructure and digitalization have made India a "star performer" among countries, as per the International Monetary Fund (IMF). It's one of the fastest-growing large emerging markets and it's contributing, in our current projections, more than 16 percent of global growth this year.
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