Photo: Global China Daily
India's Expected Potential GDP Slashed By IMF To 6%
The pandemic has impacted investments and labour market severely in India, due to which India's expected potential growth has decreased by 25 basis points to 6%, said Mission Chief for India at the virtual IMF meeting on October 18. As per reports, negative impact of the pandemic could delay the recovery, affecting medium term growth of India. However, India's FM believes India can maintain 7.5%-8.5% growth in the next decade.
Tags: India, IMF, GDP growth, Covid-19, Investment
Courtesy: LiveMint
Photo: Bing
IMF Pegs India's Economic Growth At 9.5%
International Monetary Fund (IMF) has pegged India's economic growth at 9.5%, a 3% cut from the previous projection of 12.5% in April. Reportedly, the drop in 3% of the growth is due to the impact of ''severe second Covid wave during March-May'' in India. However, India is still the world's fastest-growing large economy followed by China at 8.1%, the US and UK at 7% each.
Tags: IMF, Economic growth, India, Covid-19, GDP growth
Courtesy: The Siasat Daily
Photo: Mettis Global News
IMF Suggests Postive Signs For Indian Economy; Hints Gradual Revival
The International Monetary Fund ahead of the Spring meeting with the World Bank has apprised that the Indian economy is en route to gradual revival. Remarkably, in a first since the pandemic's advent, India's economy, through advancements in gross, fixed capital formation, witnessed substantive GDP growth and improved performance in the fourth quarter of 2020. Moreover, the IMF spokesperson Gerry Rice suggested that although high-frequency… read-more
Tags: IMF, Indian Economy, GDP growth, World Bank, Covid-19, Lockdown
Courtesy: The Indian Express
