The most recent World Economic Outlook report from the multilateral agency, released on Tuesday, anticipates a growth of 6.3 percent for this fiscal year.
While the Indian economy is on the path of overall recovery from the worst hit it took at the start of the pandemic, the situation remains volatile in the face of the rapid surge of the Omicron variant and the informal sector continues to be in the red. Quite a few international agencies have downgraded […]
Mumbai: India’s foreign exchange (forex) reserves rose by $2.229 billion to $634.965 billion for the week ended January 14, 2022, the Reserve Bank of India (RBI) data showed. The forex reserves had declined by $878 million in the previous week. According to the RBI’s Weekly Statistical Supplement, all categories of the forex reserves increased during the […]
Washington: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has urged for global cooperation to control the raging Covid-19 pandemic and support the economic recovery as the new Omicron variant has spread to over 40 countries around the world. “The global economy has continued to recover, but the recovery faces many risks, including […]
The IMF deputy chief economist, Petya Koeva Brooks also made a strong case for an additional economic stimulus to address the impact of the pandemic on the country's economy.
The panel noted that the COVID-19 pandemic has caused unprecedented public health, economic and social crisis, threatening the lives and livelihoods of millions.
The reserves, which have been steadily increasing over the last few months, had touched an all-time high at $590.185 billion for the week ended January 29 this year