The Economic Times

IMF says India remains growth engine for world, monitoring impact of higher oil prices

India's economy stands out as a powerhouse of global growth, as noted by the IMF. The second quarter showcased an impressive 7.8% growth, surpassing expectations. This surge was driven by vibrant services and robust exports. The IMF is currently observing how oil prices might affect Indias financial landscape, with an updated forecast set to release next month.