MARRAKECH: World Bank chief economist Indermit Gill on Wednesday stated that India and the US have been providing good news to the global financial system however cautioned towards slowing global development due to excessive rates of interest. “In spite of all the shocks, we haven’t seen any big economy get into trouble,” he stated at a press convention.
Last week, the World Bank retained its India development projection for the present fiscal yr at 6.3%. On Tuesday, the International Monetary Fund stated the Indian financial system is poised to develop 6.3% this yr, towards 6.1% projected earlier, making it the quickest rising main financial system.
Last week, the World Bank retained its India development projection for the present fiscal yr at 6.3%. On Tuesday, the International Monetary Fund stated the Indian financial system is poised to develop 6.3% this yr, towards 6.1% projected earlier, making it the quickest rising main financial system.
