The international monetary fund recently heaped praise on India for facing unfavourable economic headwinds as the World braces for market-damaging events unfolding at a rapid pace. Despite the global downturn and high inflation, Indian market still continues to perform well in the face of hardship. A recession looms and is expected to have a global impact; from major developed economies to those just emerging. The annual conference of the International Monetary Fund and the World Bank featured many discussions about the state of the world economy.
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India: “A bright spot in a dark horizon”
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