The International Monetary Fund's projections indicate a strong recovery for the Indian economy after it is estimated to have contracted by 8% in 2020.
IMF said the measures will enable farmers to retain a greater share of the surplus by reducing the role of middlemen, enhance efficiency and support rural growth.
Local restrictions, rapid testing, and rapid tracing are some of the key measures in dealing with the outbreak, Hlge Berger, Assistant Director of Asia & Pacific Dept of IMF said.
IMF says fiscal, monetary and financial sector measures gave much-needed support to the severely affected economy, including businesses, agriculture, and households.
While global economic activity has picked up since June, there are signs that recovery may be losing momentum, & the crisis is likely to leave deep scars.
It is projected to stabilise in 2021, before slowly declining up to the end of the projection period in 2025, said Vitor Gaspar, Director of the IMF's Fiscal Affairs Dept.
With an 8.8% growth rate in 2021, India will regain the position of the fastest growing emerging economy, surpassing China's projected growth rate of 8.2%, the IMF report said.
The hope is the meetings will act as an additional catalyst to avoid a repeat of the big policy shortfall of the global financial crisis — failure to secure sustainable growth.
Horizon 2047 signed during Modi's visit to France in July 2023 and the defence industrial roadmap during Macron’s visit to India in January 2024 guide the strategic bonhomie between the two countries.
In 2021, the government allowed telcos to convert interest on deferred spectrum payments and AGR dues into equity. This made it the single largest stakeholder in Vodafone Idea.
New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
Le liberals : Even IMF is a sanghi and a stooge of mudiji ??