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According to the Centre for Global Development, US shouldn’t be alarmed. But it should see where China is at odds with it.
Harvard University had extended her leave of absence on an exceptional basis by 1 year, which allowed her to serve as chief economist at the International Monetary Fund for 3 years.
IMF says much of the downgrade was due to slower growth in India, which is now forecast to expand 9.5% this year, and South East Asia, where the virus continues to wreak havoc.
IMF official Alfred Schipke said that to maximise the benefits from privatisation, medium-term privatisation plans, solid regulatory frameworks, competitive markets are important.
The remarks came ahead of the upcoming COP-26 Summit to be held in UK. Leaders of nearly 200 countries will gather at the summit in Glasgow to discuss climate action.
Concluded her meetings at the IMF and World Bank in US, Finance Minister Nirmala Sitharaman said assessing the Covid crisis in a short period of 1.5 years may be limiting its scope.
An IMF official said India's debt is at a ratio of about 90%, and it is important to signal to investors to that the ratio will decline in the medium term.
According to IMF, debt levels increased fast due to Covid and the policies put in place to respond to it.
During a talk at the Harvard Kennedy School, Finance Minister Nirmala Sitharaman also said that these institutions need to speak for countries that don't get adequate representation.
India’s growth projection released by the latest World Economic Outlook remains unchanged from the previous update in July but is a 1.6% drop from April projection.