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IMF sees India’s economy grow at 6.3% in current fiscal year

Unique Times December 19, 2023 0

The International Monetary Fund (IMF) has forecasted a 6.3% growth for India’s economy in the current fiscal year and the following one, citing support from macroeconomic and financial stability. According to the IMF’s Article IV consultation report, India’s growth will be Continue Reading

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IMF cuts India’s economic growth forecast to 6.8% in 2022

Unique Times October 11, 2022 0

The International Monetary Fund (IMF) joined other international organisations in lowering its forecast for India’s economic growth in 2022 from 6.8% to 6.8% on Tuesday. In its July forecast, the IMF predicted that India’s GDP will rise by 7.4% during the fiscal year that began in April 2022. Even that prediction was less than the […]Continue Reading

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Gita Gopinath becomes first woman and 2nd Indian to feature on IMF’s ‘wall of former chief economists’

Unique Times July 8, 2022 0

India-born Gita Gopinath became the second Indian and the first woman to appear on the IMF’s “wall of former chief economists” (IMF). Raghuram Rajan, who served as the IMF’s Chief Economist and Director of Research from 2003 to 2006, was the first Indian to receive the honour. Gopinath joined the IMF in October 2018 as […]Continue Reading

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IMF: PM Free Ration Scheme kept extreme poverty to a minimum

Unique Times April 6, 2022 0

According to a working paper by the International Monetary Fund (IMF), the Pradhan Mantri Garib Kalyan Yojana (PMGKAY), which provides free foodgrains to poor people, played a key role in keeping extreme poverty in India at 0.8% during the pandemic-hit year of 2020. ‘Pandemic, Poverty, and Inequality: Evidence from India,’ a working paper, presents estimates Continue Reading