India, China to account for half of global economic growth this year: IMF

India and China are expected to account for half of the global economic growth this year, International Monetary Fund (IMF) managing director Kristalina Georgieva said on Thursday.

The IMF chief said the world economy would continue to see a sharp slowdown against the backdrop of the Covid-19 pandemic and the aftermath of the Russia-Ukraine war, adding that it is expected to grow at less than 3% in 2023.