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As per the Mid-Year Report on World Economic Situation and Prospects (WESP) released by the UN, the Indian economy is expected to grow by 6.3 percent in the current financial year.
"Global real GDP (gross domestic product) is forecast at 2.7 per cent in 2022 in the Moody's Analytics September baseline, down from 4.2 per cent in our January forecast. GDP for 2023 has
also been revised lower to 2.3 per cent from 3.6 per cent," Moody's Analytics said.
Thailand Tourism: Three-stage reopening plans lead to no quarantine requirements for foreign tourist arrivals in five pilot destinations from October.
It has also been reported that the government may think upon increasing the interest rate to shore up the rupee, which hit its lifetime low on Wednesday.
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