Here is the best of Business Standard's opinion pieces for Thursday.
The International Monetary Fund in its latest World Economic Outlook update has revised its forecast downwards for the global economy. It now expects the global growth to moderate to 4.4 per cent in 2022, which is half a percentage point lower than the October 2021 estimate. In this context our lead editorial notes that the challenge for Indian policymakers is to strengthen the recovery at a time when the global economy is slowing. The Union Budget next week will be the first policy test in this regard.