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India remains ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD

India remains ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD

by AIP Online Bureau | Feb 22, 2023 | Eco/Invest/Demography, Indian News, Policy

Kristalina Georgieva,managing director,International Monetary Fund ”India’s performance has been quite impressive. For this year, we expect India to retain a high growth rate, 6.8 per cent for the year that ends in March. For FY 2023/24 (April 2023 to...
Financial inclusion appears to be positively correlated with per capita income growth: IMF

Financial inclusion appears to be positively correlated with per capita income growth: IMF

by AIP Online Bureau | Jan 8, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy

IMF said, “For example, the launch of the Pradhan Mantri Jan Dhan Yojana programme in India in 2014, one of the world’s largest financial inclusion initiatives to date, is one prominent example of India’s national-level commitment to advancing...
India remains ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD

Recession will hit a third of the world this year, warns IMF chief

by AIP Online Bureau | Jan 2, 2023 | Eco/Invest/Demography, International News

Kristalina Georgieva, managing director, International Monetary Fund The year 2023 will be tougher than last year because the economies of the US, the EU and China will slow down, she said. ”Even in countries that are not in recession, it would feel like a...

IMF projects 6.8 % growth in current fiscal for India, says country navigating ‘very difficult’ external environment

by AIP Online Bureau | Dec 25, 2022 | Data, Eco/Invest/Demography, Policy

“We are seeing the global economy slowing down next year. But there are downside risks to the speed of the slowdown, and it could be much sharper than what we expected in the report. This will affect India through trade and financial channels,” Choueiri...

Global economic growth outlook “gloomier”, says IMF ahead of G20 summit

by AIP Online Bureau | Nov 14, 2022 | Eco/Invest/Demography, International News

The global economy has weakened particularly due to three key factors — persistently high and broad-based inflation, the weak growth momentum in China, and Russia’s invasion of Ukraine As prices of many food staples touched record highs in 2022 amid supply...
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