US-China trade war and protectionism in the West, not India, dragging down global growth
Many economists feel that some green shoots of growth are visible within the Indian economy but it is best to wait for more widely dispersed signs of a turnaround before breathing a little easier. The International Monetary Fund (IMF) has projected India to grow at 4.8 per cent this year, down sharply from the 6.1 per cent forecast in October 2019, and blamed it for dragging global growth down. Since India is the world’s fifth-largest economy in purchasing power parity [...]