US SANCTIONS HURT EU NATIONS MOST IN BOTH FOODGRAINS AND ENERGY PRICES
Subrata Majumder
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2023-05-15 15:51
Concerns loomed large on India’s neutral stand on Russian invasion of Ukraine for its separation from the US led global market and eventually backlash on its growth. In contrast, the situation took a reverse gear. India, not only sustained the growth, but is expecting the hegemony in the global growth in 2023. According to IMF’s World Economic Outlook, global growth was forecasted to slow down to 3.2 percent in 2022, from 6 percent in 2021 and slip further to 1.3 percent in 2023. In contrast, India is expected to achieve 7 percent growth in GDP in 2023, which could be the highest in the world, surpassing China.