Topic: World Economic Outlook
IMF cuts India growth forecast to 4.8%, flags stress in non-bank financial sector
IMF chief economist Gita Gopinath cites decline in rural demand growth and an overall credit sluggishness for lowering of India forecasts.
Risk of ‘sharp, sudden’ financial tightening has risen, IMF says
Policy makers urgently need to take action to tackle financial vulnerabilities that could exacerbate the next economic downturn, IMF says.
Simplify GST to maintain high growth, IMF tells India
Also urges a clean-up of banks' balance sheets as it projects growth at 7.8% for FY 19-20.
On Camera
YourTurn
1990s house music and fashion are back — unfortunately, so is a 1970s economy
It may be fear of recession that’s driving today’s obsession with all things early ‘90s. The period was characterised by a dismal economy and large-scale unemployment.
Three charts show trouble for Indian stocks and why its unlikely to end anytime soon
The S&P BSE Sensex Index has fallen more than 15% from its October high, nearing the 20% loss that denotes a bear market.
Defence
Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations
These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.
With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again
Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.