The world’s third largest economy in terms of purchasing power parity is going to contribute about 14% of global growth this year, he said, even as the country is facing the risk of rising deficit due to higher import bills on the back of global commodity prices.
Global Markets | European shares fall again as Mideast war drags on
European shares extended their decline on Tuesday, mirroring a global equity selloff as investors grappled with the prospect of a prolonged Middle East conflict. A