The International Monetary fund on Tuesday projected that the Indian economy will grow by 6.1 per cent in 2023, which is 0.2 points — 20 basis percentage points — higher than its April forecast.
Sharif said that China has demonstrated support by rolling over its commercial debt, highlighting the goodwill of friendly countries towards Pakistan's development.
In its Regional Economic Outlook - Asia and Pacific report released on Tuesday, the Washington-based fund said the region would contribute around 70 per cent of global growth.
Small and Medium-Sized enterprises account for 29 per cent of the nation's GDP, 49 per cent of exports, and more than 63 million businesses nationwide says Umesh Revankar, Executive Vice Chairman, Shriram Finance.
Last month the International Monetary Fund lowered India’s economic growth estimate for the current fiscal to 4.8 percent.
The apex court's judge also focused on the crucial role which the appellate plays in ensuring that taxation-related disputes are resolved swiftly.
She said the world appears to be a better place in January 2020 as compared to what it expected when the IMF announced its World Economic Outlook in October last year.
United Nations had also cut down India's growth estimate for Financial Year 2020 to 5 per cent from 5.7 per cent.
The IMF in October slashed its forecast for 2019 by nearly a full point to 6.1 percent, while cutting the outlook for 2020 to 7.0 percent.
