India remains a ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD

India remains a ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD

• India continues to remain a relative "bright spot" in the world economy, and will alone contribute 15% of the global growth in 2023, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said.
• While digitization pulled out the world's fifth-largest economy from pandemic lows, prudent fiscal policy and significant financing for capital investments provided in the next year's Budget will help sustain the growth momentum.
• "India's performance has been quite impressive. For this year, we expect India to retain a high growth rate, 6.8% for the year that ends in March. For FY 2023/24 (April 2023 to March 2024) we project 6.1%, a bit of slowdown like the rest of the world economy, but way above the global average. And in that way, India is providing about 15% of global growth in 2023.

UP budget will consolidate the foundation of self-reliance, the target set for USD 1 trillion economies: CM Yogi 

• Listing out his government's accomplishments, CM Yogi claimed that during the last six years of governance, the state’s per capita income had doubled while GDP had more than doubled.
• Alling the UP state budget -2023-24 a consolidated effort to fulfill the aspirations of the people of Uttar Pradesh, UP CM Yogi Adityanath claimed that it would strengthen the foundation of ‘Atmanirbhar Pradesh’ (self-reliant state) on the lines of ‘Atmanirbhar Bharat’ (self-reliant India).