Global growth projected for 2023 and 2024 is below the historical (2000-19) annual average of 3.8 per cent. The forecast of low growth in 2023 reflects the rise in central bank rates to fight inflation especially in advanced economies as well as the war in Ukraine.
PHD Chamber of Commerce and Industry says that despite the global headwinds, the growth of exports from India remains steady during the FY 2022-23., , india, exports, PHD Chamber, India’s Exports, India’s Economy
The three shocks to globalisation have squeezed opportunities for China while enlarging them for India. Of course, China can overcome its challenges, just as India can seize the initiative.