The IMF has said that the world economy is projected to grow at less than 3% in 2023 and China and India would account for half of the global economic growth this year.
India and China are expected to account for half of the global economic growth this year, International Monetary Fund (IMF) managing director Kristalina Georgieva said on Thursday.
The IMF chief said the world economy would continue to see a sharp slowdown against the backdrop of the Covid-19 pandemic and the aftermath of the Russia-Ukraine war, adding that it is expected to grow at less than 3% in 2023.