New Delhi, April 23 -- The International Monetary Fund's (IMF's) latest World Economic Outlook (WEO), arguably the most important institutional economic forecast in the world, said world gross domestic product (GDP) growth this year will be 2.8%, half a percentage point lower than its January forecast of 3.3%.
While IMF projected that India's growth in this fiscal year will slow marginally, it still expected the nation to be the fastest growing major economy in the world.
While the global economy would have slowed down even without the April 2 tariffs announced by the Trump administration, it will now do worse. Whether or not the paused reciprocal tariffs are brought back would not make much difference for this year's growth prospects, th...