Vitor Gaspar, Director of IMF's Fiscal Affairs Department, said that widening deficits and contraction in economic activity, debt worldwide increased sharply to 97% of GDP in 2020
In its annual World Economic Outlook, the Washington-based global financial institution said that the Indian economy is expected to grow by 6.9 percent in 2022
The Washington-based global financial institution said that the Indian economy is expected to grow by 6.9 percent in 2022
The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday
Union Budget 2021: Favour extension of pandemic support measures, thrust on infra investment, says IMF
IMF’s chief economist Gita Gopinath said more public infrastructure spending is needed and that the Government of India has expressed its intention to do so
IMF projects impressive 11.5% growth rate for India in 2021, says economic activities revitalised 'quite significantly'
This makes India the only major world economy projected to register double-digit growth in 2021. As per the IMF, the next closest nations are China (8.1 percent), Spain (5.9 percent) and France (5.5 percent)
Farmers' protest is 'about politics, not economics', India's IMF executive director Surjit Bhalla tells CNN-News18
About the mandi system, the economist said that the government should be able to acquire food for the PDS system from the marketplace instead of the mandis
The study assesses the impact of different COVID-19 recovery scenarios on the Sustainable Development Goals, evaluating the multidimensional effects of the pandemic over the next decade
In his address, the prime minister also underlined the need for UN Security Council reform as well as multilateral bodies such as the WTO and the IMF
'Solid achievement of BJP's hate-filled cultural nationalism': Rahul Gandhi slams Centre over IMF data
Rahul shared a graph which showed Bangladesh closing in on India and almost catching up with it in terms of per capita GDP this year
Revisions to the growth forecast are particularly large for India, where GDP contracted much more severely than expected in the second quarter
The spread of COVID-19 and containment measures have severely disrupted supply and demand conditions in India, the World Bank said in its latest South Asia Economic Focus report
A fiscal stimulus could be an opportunity to boost green and resilient public infrastructure, the IMF said.
As per the new guidelines, organisers will be required to provide adequate area for an event along with a detailed site map of the venue and proper markings to maintain social distancing
France and the international community have said they will not provide financial assistance to Lebanon unless it implements radical changes
'Inequality starts at top': UN chief pushes for reform of global institutions in speech to world leaders
Antonio Guterres pushed for a so-called New Global Deal to ensure power, wealth and opportunity are shared more broadly and fairly.
India's economy wasn't hit as hard as anticipated; scope to boost farm employment: veteran banker KV Kamath tells Network18
Indicating there is a big scope for enhancing farm employment, KV Kamath said that agriculture has come back very quickly and rural India has been less affected by the challenges presented by the COVID-19 pandemic.
The IMF on Wednesday projected a sharp contraction of 4.5 percent for the Indian economy in 2020, a 'historic low', citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities
COVID-19 Impact: Foreign investors pull out $26 billion from Asian economies, over $16 billion from India
“Foreign investors have pulled an estimated $26 billion out of developing Asian economies and more than $16 billion out of India, increasing concerns of a major economic recession in Asia,” independent Congressional Research Center said in its latest report on global economic effects of COVID-19.
Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain
There is plenty to celebrate for MSMEs and other entities covered under Nirmala Sitharaman's first package of details to flesh out Prime Minister Narendra Modi's Rs 20-lakh-crore stimulus