Finance & Economy
India’s Merchandise Exports Poised For Strong Growth
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Recent IMF estimates predict that emerging market economies will account for about 80% of global growth, with India alone expected to contribute more than 15%, as the world economy struggles with uncertainties and a slowdown caused by geopolitical tensions and the ensuing inflationary pressures. With more than 6% growth in 2023 and 2024 and a stable domestic demand despite external obstacles, India is well-positioned to become the fastest growing major economy in 2023 and beyond.