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 indicators signify sustained recovery in Q1FY21, COVID-19 variants, and lockdowns could bring ramifications.