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.
Fed’s rate cut well received by global markets: Mitul Kotecha
Global equities rallied after the US Federal Reserve’s 25-basis-point rate cut, though future moves remain uncertain due to a divided Fed stance. The central bank