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Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9% in 2022

Make structural and administrative changes to improve them and serve our economically heterogeneous population better

While one can take comfort in IMF’s praise for India’s “very decisive” steps to deal with the pandemic, several challenges need to be overcome

The Indian government has provided a lot of schemes for small and medium enterprises, most of which is in the form of liquidity support, Gita told PTI on Tuesday.

Amid exceptional uncertainty, the global economy is projected to grow 5.5 per cent in 2021 and 4.2 per cent in 2022.

The report, however, expected the gross domestic product (GDP) to dip in 2022-23 fiscal year to 6.8 per cent.

In the previous week ended October 9, 2020, the reserves had increased by $5.867 billion to reach $551.505 billion

IMF says growth to be -4.4 per cent in 2020 due to the impact of the coronavirus pandemic