News Snapshot:
The International Monetary Fund (IMF) on Tuesday projected India's economic growth in 2022 to 6.8 per cent, as it joins other global agencies that have trimmed forecasts. Although, with a cut in estimate India remains on track to be one of the fastest-growing economies in the world, IMF said. "World’s 3 largest economies—US, China & the euro area—will continue to stall...We expect global inflation to peak at 9.5% this year before slowing to 4.1% by 2024, IMF said. Earlier in July, IMF had projected a gross domestic product (GDP) growth of 7.4 per cent for India in the fiscal year...
