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  • BW Business World

A Rocky Recovery: Bracing For Global Economic Slowdown

On 13 April, while addressing National Rozgar Mela, Prime Minister Narendra Modi said, "Today India is the fastest-growing economy." However, on the same day, several Indian economists warn of a global slowdown which is likely to impact India’s gross domestic product (GDP) growth.

Notably, International Monetary Fund (IMF) slashed India's GDP growth estimates for the fiscal year 2023-24 to 5.9 per cent from 6.1 per cent and added that this will not affect the growth rate of the nation.

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