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: The Telegraph
Nirmala Sitharaman Recognises Importance Of Vaccination At Universal Level
Finance Minister Nirmala Sitharaman, on October 14, stated that India recognises the need of universal vaccination amidst the spread of Covid-19. She further highlighted the importance of a multilateral approach to combat the ongoing climate change in the world. However, she urged that the developed and advanced economies, having large reserves of Special Drawing Rights (SDRs) should come forward and help the countries in need voluntarily. … read-more
Tags: Covid-19, IMF, Nirmala Sitharaman, India
Courtesy: Business Standard
Photo: The Economic Times
India's Economy To Grow By 9.5% & China By 8% In FY22, Says IMF
The International Monetary Fund (IMF) has projected India's economic growth at 9.5% in the financial year 2021-22 and 8.5% for the next financial year, making India the fastest-growing large economy in the world. However, China's GDP growth has been projected at 8% and 5.9% in FY22 and FY23, respectively. The IMF has also forecasted the world economy growth at 5.9% in FY22 and 4.9% in FY23.
Tags: IMF, Economic growth, GDP, India, China
Courtesy: Business Standard
Photo: CNBC
Spread of Cryptocurrency In Market May Upset Financial Stability: IMF
As the private cryptocurrency spreading its legs in the emerging markets, International Monetary Fund (IMF) warned against "cryptoization" of local economies, potentially undermining exchange and capital controls and upsetting financial stability" on October 1. IMF added, "Crytoization could also become a threat to fiscal policy, with digital assets possibly facilitating tax evasion". Reportedly, India, Vietnam, and Pakistan have registered a… read-more
Tags: Cryptocurrency, Bitcoin, IMF, Emerging market
Courtesy: NDTV
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: The Jakarta Post
IMF Forecasts 12.5% Growth For India; Stronger Than China's 8.6%
The International Monetary Fund has projected India’s growth rate higher than China for 2021. Extrapolating India’s growth at 12.5% for this year, the Washington-based body expected Indian economy to grow at 6.9% in 2022. Moreover, projecting 8.6% growth rate for China in 2021, the IMF, in its World Economic Outlook report estimated 5.6% growth for dragon in 2022. Interestingly, China was the only country to have positive growth rate in 2020… read-more
Tags: IMF, Growth, China, India, World Economic Outlook
Courtesy: The Tribune
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
Photo: The Economic Times
IMF Expert Projects 11.5% Growth In Indian GDP By 2021; Targets $5 Trillion Economy
The International Monetary Fund has projected a growth of 11.5% in the GDP of India for the year 2021. The growth will support India firmly in reaching its target of $5 Trillion economy. Moreover, the IMF in its World Economic Outlook expects much better growth in the Indian economy as compared to china (8.1%). Wishing luck for the projections, Commerce and Industry Minister Piyush Goyal termed India as "Bright start in the Global Market".… read-more
Tags: India, GDP, 5 Trillion Economy, IMF
Courtesy: The Times of India
Photo: NDTV
IMF Chief Hails India's Efforts Towards COVID-19, Economic Recovery
Lauding India’s strategies against the COVID-19 pandemic, the International Monetary Fund (IMF) has hailed the country's "decisive steps" taken to tackle the economy. The IMF chief Kristalina Georgieva, during the global media roundtable, stated that India has managed to do a good job despite of high population. Kristalina said that with "targeted restrictions" and other timely steps, India has performed "slightly above" than the average 6%… read-more
Tags: IMF, Kristalina Georgieva, Covid-19, India
Courtesy: Times of India
Photo: Business Today
IMF Predicts Rebound In Indian Economy In 2021; Over 10% Dip In 2020
International Monetary Fund's 'World Economic Outlook' report has suggested that Indian economy is likely to have a positive growth of 8.8% in 2021 after a contraction of 10.3% in 2020. It indicated the similar trend for other countries as well with US economy expected to grow by 3.9% in 2021 after contracting 5.8% this year. However, the report suggested that only China showed a growth of 1.9% in 2020.
Tags: IMF, India, United States Of America, China, Economy
Courtesy: The Times Of India
