India to contribute 15% of global growth in 2023 : IMF
Why in news :
- Recently International Monetary Fund (IMF) Managing Director said that India continues to remain a relative “bright spot” in the world economy, and will alone contribute 15% of the global growth in 2023.
Main drivers :
- Digitisation pulled out the world’s fifth-largest economy from pandemic lows.
- Along with that prudent fiscal policy and significant financing for capital investments provided in the next year’s Budget will help sustain the growth momentum.
More on the news :
- India’s performance has been quite impressive.
World Economic Outlook :
- World Economic Outlook is a report published by the International Monetary Fund twice a year.
Syllabus : Prelims; Economy
