IMF projects breather for South Asia with India GDP boost in 2022
IMF says the "sharp and uncharacteristic” slide in the Chinese economy will drag Asia’s GDP growth down by 0.9 percentage points in 2022 and by 0.8 percentage points in 2023.
international monetary fund
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India aiming for SOP on crypto during G20 presidency: FM
Finance Minister Nirmala Sitharaman says India wants to place the agenda on crypto before the G20 table for discussion and aim for a tech-driven regulatory framework.
‘Logistical marvel’: IMF says India's DBT scheme is ‘quite impressive’
Paolo Mauro, deputy director, fiscal affairs dept at IMF, says it’s a logistical marvel that programmes helping people at low-income levels reach hundreds of millions of people in India.
'Worst is yet to come': IMF cuts India’s growth forecast to 6.8% in FY23
IMF expects over a third of the global economy to contract this year or next. It says whree largest economies — the United States, the European Union, and China — will continue to stall.
What upset IMF about UK’s tax proposals?
It wants UK’s tax cuts aimed at benefitting high-income earners to be reversed fearing higher inequality; alas little lessons learnt from India’s tax regime.
IMF appoints Krishna Srinivasan as director of Asia and Pacific Department
Srinivasan's appointment as APD director will be effective from June 22.
IMF corrects data? India projected to achieve $5-tn status in FY27, not FY29
IMF’s current GDP projections are now the same as the Modi-led govt's revised target of achieving the $5 trillion economy status by the fiscal year 2025-26 or a year later.
India to be $5 tn economy by FY29 — not FY25 — suggests IMF data
This is contrary to the govt's aim of achieving the target by FY26; the rupee is also seen depreciating to 94.4 per dollar by FY28.
Under fire, World Bank’s ease of doing business revamped to BEEP, but…
World Bank is mired in controversies. Replacing DBP with BEEP may not really change much until the underlying problems are fixed.
Beware! IMF’s rethink on debt-to-GDP, fiscal deficit limits has consequences
From insisting on a debt-to-GDP ratio of 60% and fiscal deficit of 3% for decades, the IMF is now advocating a rethink considering both pre and post-pandemic changes in ground realities.
