Written by-
P. Poongothai
Audit Manager
In the times of a global crisis, india was being called a bright spot by economic experts and analysts across the globe and the world has huge expectations from the country", said Prime Minister Narendara Modi in Global Investors' Meet 2022.
In January 2023, IMF projected that the global economy will grow 2.9% this year which represents 0.23% point improvement from its previous forecast in October 2022. However, it is a fall in economic growth as compared to 2022(global growth rate-3.4%) is due to rise in central bank rates, Russia' war in Ukraine and wide spread of Covid-19 in China.
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