Tag: Imf

Despite IMF Projections, India Still Among Fastest Growing Economies: FM Sitharaman

Washington: India remains among the fastest growing economies of the world and efforts are being made to make it grow faster, said Union Finance Minister Nirmala Sitharaman. The International Monetary Fund (IMF) has projected a reduced growth rate for India, but the country’s economy is “still growing as the fastest”, she told a group of […]

  • Saturday, 24 April 2021
IMF Says Corporate Income Tax Cut Will Help Revive Investment In India

Washington: The International Monetary Fund on Friday supported India’s recent decision to reduce corporate income tax, saying it has a positive impact on investment. It, however, said India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions. “We believe India still has limited fiscal space so they have to be careful. […]

  • Saturday, 24 April 2021
IMF chief economists
Regulatory Uncertainty Played Role In India's Slowdown: IMF

New Delhi: IMF Chief Economist Gita Gopinath on Friday said that regulatory uncertainty in India is one of the reasons for the ongoing economic slowdown. Speaking at an event here, the Chief Economist of the International Monetary Fund (IMF) said that although reforms are important for an economy, they should come with clarity and certainty […]

  • Thursday, 22 April 2021
IMF Says India In Midst Of Significant Economic Slowdown, Calls For Urgent Policy Actions

Washington: India is now in the midst of a significant economic slowdown, the International Monetary Fund has said, urging the government to take urgent policy actions to address the current prolonged downturn. In its report released Monday, the IMF Directors noted that India’s rapid economic expansion in recent years has lifted millions of people out […]

  • Wednesday, 21 April 2021
IMF Cuts India Growth Forecast To 4.8 Pc; Flags Stress In Non-Bank Financial Sector

Davos: The IMF on Monday lowered India’s economic growth estimate for the current fiscal to 4.8 per cent and listed the country’s much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years. In October, the International Monetary Fund (IMF) had pegged India economic growth at 6.1 per cent […]

  • Tuesday, 20 April 2021
Urgent Need For More Ambitious Structural And Financial Sector Reform Measures In India: IMF

Washington: India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fiscal stance in the budget, the IMF has said. Responding to a question on the budget presented by Union Finance Minister Nirmala Sitharaman, International Monetary Fund […]

  • Monday, 19 April 2021
IMF Asks Pakistan To Cut Reliance On China

Islamabad: The visiting IMF mission has asked Islamabad “to reduce its trade and commerce reliance on Beijing” and look for other international options by signing free trade agreements (FTA) with other countries too, a media report said on Friday. The development comes as the mission has extended its stay in Pakistan for making more efforts […]

  • Monday, 19 April 2021
IMF backs India's 'very wise' lockdown decision despite economic cost
IMF backs India's 'very wise' lockdown decision despite economic cost

United Nations: The International Monetary Fund (IMF) supports India’s “very wise” decision to impose a national lockdown to combat the coronavirus pandemic despite the resulting economic slowdown, according to Changyong Rhee, the organisation’s director of the Asia and Pacific Department. He said at a news conference on Wednesday, “India entered the pandemic turmoil in the […]

  • Saturday, 17 April 2021
Global COVID-19 deaths top 150,000; global response intensifying

Washington: Global COVID-19 deaths surpassed 150,000 with over 2.2 million infections on Friday as international institutions are intensifying their collective efforts on battling the pandemic. A total of 150,948 people have died of the disease as of 3:30 p.m. (1930 GMT) among 2,214,861 cases worldwide, according to the Center for Systems Science and Engineering (CSSE) […]

  • Saturday, 17 April 2021
COVID-19: IMF, World Bank urge countries to keep trade open
COVID-19: IMF, World Bank urge countries to keep trade open

Washington: The International Monetary Fund (IMF) and the World Bank Group (WBG) have called on countries to keep trade open as the world battles the COVID-19 pandemic, warning that export controls on medical supplies and other essentials could backfire. At a virtual press conference during the just-concluded spring meetings of the two multilateral institutions, IMF […]

  • Saturday, 17 April 2021
China's GDP Surges To Record 18.3 Per Cent In Q1

Beijing: China’s economy grew a record 18.3 per cent in the first quarter of 2021, riding on strong domestic and foreign demand and aided by recovery from a low base…

  • Friday, 16 April 2021
IMF urges Pakistan to freeze govt salaries

Islamabad: The International Monetary Fund (IMF) has urged Pakistan to freeze salaries of government employees and adhere to the fiscal consolidation path by showing a nominal primary deficit in the new budget, said Finance Ministry sources. The IMF is insisting that Pakistan should continue to follow the fiscal consolidation path due to a high and […]

  • Friday, 16 April 2021
PM Modi's 'Aatmanirbhar Bharat' Important Initiative, Says IMF

Washington:  Prime Minister Narendra Modi’s call for an “Aatmanirbhar Bharat” (self-reliant India) is an important initiative, the International Monetary Fund (IMF) said on Thursday. “The economic package under this self-reliant India initiative, which was announced in the aftermath of the coronavirus shock, has supported the Indian economy and mitigated significant downside risks, so we do […]

  • Monday, 12 April 2021
Focusing On Protecting People, Health Of Population Remain A Priority For India: IMF

Washington: India’s priorities should be to protect the most vulnerable people, well targeted support and protecting small and medium sized enterprises so that they do not collapse as the country battles the COVID-19 pandemic, Managing Director of the International Monetary Fund Kristalina Georgieva has said. Speaking at a news conference here during the ongoing annual […]

  • Sunday, 11 April 2021
During COVID-19 Pandemic, India's Debt To GDP Ratio Increased From 74% To 90%: IMF

Washington: India’s debt to GDP ratio increased from 74 per cent to 90 per cent during the COVID-19 pandemic, the International Monetary Fund has said, noting that it expects this…

  • Thursday, 08 April 2021