The Reserve Bank of India (RBI) maintained an accommodative stance and cut the real Gross Domestic Product (GDP) growth projection for the 2022-23 to 7.2 percent, against the earlier projection of 7.8 percent.
The World Trade Organization (WTO) has downgraded its forecast for global GDP growth in Financial Year 2022 to 2.8 percent from the previously predicted 4.1 percent.
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