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Can India become $55 trillion economy by 2027? May appear audacious but achievable, says IMF's Krishnamurthy V Subramanian

Can India become $55 trillion economy by 2027? May appear audacious but achievable, says IMF's Krishnamurthy V Subramanian

Mon, Aug 12, 2024

International Monetary Fund (IMF) Executive Director Krishnamurthy V Subramanian said India's private credit to GDP ratio was 58 per cent in 2020, six decades behind the advanced economies which are now at 200 per cent, though there is phenomenal work being done in terms of financial inclusion through schemes like 'Pradhan Mantri Jan-Dhan Yojana'.

IMF's economic view: Brighter outlook for China and India but tepid global growth

IMF's economic view: Brighter outlook for China and India but tepid global growth

Tue, Jul 16, 2024

Overall, the IMF said Tuesday that it still expects the world economy to grow a lackluster 3.2 per cent this year, unchanged from its previous forecast in April and down a tick from 3.3 per cent growth in 2023.

Pakistan reaches new USD 7 billion loan deal with IMF

Pakistan reaches new USD 7 billion loan deal with IMF

Sat, Jul 13, 2024

The International Monetary Fund stated that continued strong financial support from Pakistan's development and bilateral partners would be critical for the programme to achieve its objectives.

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RBI Governor Urjit Patel & MPC panel face close call on interest rates

RBI Governor Urjit Patel & MPC panel face close call on interest rates

Fri, Sep 30, 2016

A month into the job, India's new central bank governor will on Monday and Tuesday chair his maiden policy review, which for the first time will see a committee set interest rates, though views are divided on whether there will be any change this time round.

'Rockstar' Rajan bids farewell as his tenure at RBI comes to an end today

'Rockstar' Rajan bids farewell as his tenure at RBI comes to an end today

Sun, Sep 04, 2016

Outspoken as he has been with his views, 53-year-old Rajan went on to make public that he was willing to stay longer but an "agreement" could not be reached with the government in this regard.

IMF views positive outlook for Chinese economy

IMF views positive outlook for Chinese economy

Sat, Aug 13, 2016

China's near-term growth outlook has improved due to recent policy support but the country needs to rein in fast credit growth to ensure economic transition on a sustainable footing, the International Monetary Fund (IMF) has said.

'Oil prices' role in India's disinflation relatively modest', IMF says

'Oil prices' role in India's disinflation relatively modest', IMF says

Wed, Aug 10, 2016

Nothing that the bulk of the disinflation (45 per cent), however, can be attributed to a moderation in the historical dynamics of inflation that influence contemporaneous inflation, the paper said, "We also find an important role for forward-looking expectations... Almost 35 per cent of the disinflation can be attributed to this."

Poll of 500 economists say India only bright spot in gloomy global economy

Poll of 500 economists say India only bright spot in gloomy global economy

Sat, Aug 06, 2016

The poll took the outlook of above 500 economists across Asia, Europe and the Americas.

Improve on these counts to grow, IMF tells India

Improve on these counts to grow, IMF tells India

Tue, Jul 26, 2016

During the meet, the IMF said that India’s economy is on recovery path, supported by lower oil prices, positive policy actions and improved investor confidence.

Euro zone hails $11.5 billion 'breakthrough' deal between Greece, IMF

Euro zone hails $11.5 billion 'breakthrough' deal between Greece, IMF

Thu, May 26, 2016

The late-night compromise spared the battered European Union the risk of another Greek crisis this year.

Greek parliament approves controversial pension, tax reforms

Greek parliament approves controversial pension, tax reforms

Mon, May 09, 2016

They are the latest reforms demanded by the European Union and International Monetary Fund in exchange for fresh funds from Greece's 86-billion-euro (USD 95-billion) bailout agreed in July, the third for the debt-laden country since 2010.

Protests erupt in Athens ahead of new austerity measures vote

Protests erupt in Athens ahead of new austerity measures vote

Mon, May 09, 2016

The protest was held during a three-day general strike against pension cuts and the introduction of new taxes that shut down media outlets, public transport, and ferry service.

India can grow exports by improving quality of goods, services: IMF

India can grow exports by improving quality of goods, services: IMF

Fri, May 06, 2016

India should capitalise further on its comparative advantage in exports of high-value services, said an IMF paper titled 'Make in India: Which Exports Can Drive the Next Wave of Growth'

No official estimate of black money: Jayant Sinha

No official estimate of black money: Jayant Sinha

Tue, May 03, 2016

Jayant Sinha pointed out that by applying another set of assumptions, the same economists have reportedly estimated Indian share in black assets at $4-5 billion.

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