World Economic Outlook
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'India remains a bright spot': IMF says global growth to fall 2.9 per cent in 2023
•The IMF on Tuesday released the January update of its World Economic Outlook, according to which the global growth is projected to fall from an estimated 3.4 per cent in 2022 to 2.9 per cent in 2023, then rise to 3.1 per cent in 2024
Why Germany thinks India is a ‘huge opportunity’ to invest
Fp Staff •'We're very impressed with the latest figures India has put on the table. It's one of the best-growing countries in the region if not worldwide. Therefore, it gives us huge opportunity to invest in India,' German Ambassador Dr Philipp Ackermann said on the IMF's growth projection for India
India has emerged as a bright light economy, but reforms needed for $10 trillion GDP: IMF
•In its World Economic Outlook, the IMF projected a growth rate of 6.8 per cent in 2022 as compared to 8.7 per cent in 2021 for India
IMF cuts India's economic growth forecast to 6.8% in 2022
•The IMF had in July projected a gross domestic product growth of 7.4 per cent for India in the fiscal year that started in April 2022. Even that forecast was lower than 8.2 per cent projected in January this year
Inflationary surge is a global phenomenon today, but Modi’s India has done much better than others
Sanju Verma •The BJP government has repaired and reinvigorated the Indian economy, with Prime Minister Narendra Modi taking the lead in combining the best of both — welfarism and unrelenting reforms
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)
Downturn from pandemic offers path to green, climate resilient economies: IMF
•A fiscal stimulus could be an opportunity to boost green and resilient public infrastructure, the IMF said.
Coronavirus Outbreak: IMF supports India's 'proactive' decision of nationwide lockdown despite economic slowdown
•"India entered the pandemic turmoil in the midst of a credit crunch-induced slowdown and its recovery prospect becomes more uncertain," Chang Yong Rhee, the Director of the IMF's Asia and Pacific Department,
India's lower than expected GDP numbers 'biggest drag' on global growth forecast for two years, says IMF's Gita Gopinath
Fp Staff •India-born IMF Chief Economist Gita Gopinath said growth in India slowed sharply owing to stress in the non-bank financial sector and weak rural income growth
IMF calls for 'urgent' action by India to reverse economic slowdown; says govt has limited options to boost spending amid high debt levels
•The IMF in October slashed its forecast for 2019 by nearly a full point to 6.1 percent, while cutting the outlook for 2020 to 7.0 percent.