The IMF expects global economic growth to be just 3% this year, the lowest since the 2008 global financial crisis. Edited excerpts:What has changed in the global economy in the last two years which has turned the headwinds India’s way? Bhanumurthy: The global slowdown seems to have started in early 2018 largely because of the premature withdrawal of the stimulus that the global economy was introduced to in the post-2008 crisis. The most unfortunate consequence of this for India is that compared to 2008, we are not immune to global slowdown. I would say that the global slowdown should take away almost 1.5 percentage points off the growth rate.

Source: The Hindu October 17, 2019 18:45 UTC