International Monetary Fund (IMF)
IMF scaling down India’s growth forecast is yet another grim reminder of the ongoing crisis and the tough recovery road ahead
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.
IMF says it expects this to fall to 80% as a result of economic recovery
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
Emphasis on infrastructure and other initiatives in Budget are aimed at achieving this goal, says DEA secretary.
Amid exceptional uncertainty, the global economy is projected to grow 5.5 per cent in 2021 and 4.2 per cent in 2022.
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