The IMF raised its global growth outlook to 3.2%, but former RBI Deputy Governor R. Gandhi described it as a “balancing act.” He noted the IMF’s cautious commentary on trade frictions and tariffs contrasts with its optimistic numerical projections. Gandhi emphasized India’s domestic-driven resilience and the challenges for manufacturing growth.
Oil Price Today (May 1): Crude oil holds above $110/barrel. What lies ahead?
Oil prices stay above $110 a barrel as the Middle East conflict enters its second month. The Strait of Hormuz remains blocked, impacting global supply.