Stave off protectionism

India must secure economic stability to survive the trend

The latest World Economic Outlook by the International Monetary Fund (IMF) has presented a happier forecast for global growth, which is expected to rise from 3.1 per cent in 2016 to 3.5 per cent in 2017 and 3.6 per cent in 2018. This is an improvement over the October 2016 report. The IMF has attributed the improvement to “buoyant” financial markets and “a long-awaited cyclical recovery” in manufacturing and trade. A big part of the improvement in the market sentiment is because the US economy is expected to grow faster through 2017 and 2018, though most of the other advanced