India is standout nation in global gloom

The economic recovery that is under way is likely to get a boost in the New Year but global headwinds and the uncertainty created by the Covid surge in China will emerge as major roadblocks. Amid the sharp slowdown in global growth, India has emerged as a standout nation and estimates show that growth is likely to be around 7% for 2022-23 riding on the momentum of robust domestic demand.

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