india

IMF-World Bank ends meetings with call to brace for risks

IMF members also pledged to avoid devaluing currencies to seek a trade advantage by making a country's exports relatively cheaper. Global financial leaders wrapped up an annual meeting of the International Monetary Fund and World Bank on Saturday by urging countries to brace for potential risks from trade disputes and other tensions. The meetings in […]

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IMF projects India’s growth at 7.3 per cent in 2018

India is projected to grow at 7.3 per cent in 2018 and 7.4 per cent next year, the IMF said Tuesday, predicting that the country will regain the tag of the world’s fastest growing major economy this year, surpassing China with more than 0.7 percentage points. In 2017, India had clocked a 6.7 per cent […]

india

Pakistan to seek IMF loan to avert meltdown

Washington, which recently suspended military aid to Pakistan over its alleged failure to crack down on the Taliban, has expressed concern about IMF funds being used to repay Chinese loans. Pakistan says it will seek a bailout loan from the International Monetary Fund to address a mounting balance of payments crisis, Finance Minister Asad Umar […]

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Shrugging off global trade wars, relying on domestic consumption, India on track to become fastest-growing major economy

India’s economy is shrugging off global trade wars, relying on domestic consumption to stay on course to becoming the fastest-growing major economy this year. Demand for bank loans remained solid going into the July quarter despite rising interest rates, and so was the case with services and manufactured goods, a cross-section of forward-looking indicators compiled […]

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IMF forecasts India’s GDP to grow at 7.5% in 2019-20 fiscal year

‘Near-term macroeconomic outlook for India is broadly favourable.’ India’s gross domestic product (GDP) is poised to grow by 7.3% in the 2018-19 fiscal and 7.5% in 2019-2020 on strengthening of investment and robust private consumption, the IMF said in its latest projection. The International Monetary Fund (IMF), in the report published on Tuesday, said the […]