IMF
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India's Economy Shows Strong Performance, Says Gita Gopinath
Gopinath, who sees India jumping to being the world's third largest economy by 2027, said such growth has to be inclusive and broad-based. "It is crucial for this growth to be inclusive and create enough jobs so that the gains from growth are shared widely," she said.
IMF Boosts India’s 2024-25 GDP Growth Projection to 7%
https://thenewsmen.co.in/business/indias-defense-exports-surge-30fold-in-the-past-decade/130617
India's Economic Ascendancy Amidst China's Slowdown: IMF Endorses Modi Government's Policies
The report attributes India's robust growth to robust domestic demand, fueled by substantial government spending on critical infrastructure projects like highways, railways, ports, and power plants, alongside a resurgence in rural consumption. Investments in agriculture, rural employment schemes such as MNREGA, and initiatives supporting women self-help groups have further stimulated rural demand, expanding the market for industrial goods.
IMF Upgrades India's Growth Forecast to 6.8% for 2024
India maintains its position as the world's fastest-growing economy, outpacing China, which is forecasted to grow at 4.6 per cent during the same period.
Kristalina Georgieva Reappointed for Second Term as IMF Managing Director
A statement released by the Executive Board's coordinators, Afonso S. Bevilaqua and Abdullah F. BinZarah, confirmed the decision, highlighting Georgieva's exceptional leadership during her first term in navigating significant global challenges.
IMF Maintains Neutrality Amid Imran Khan's Political Appeal in Pakistan
The letter, sent ahead of the swearing-in of new Prime Minister Shehbaz Sharif on March 4, requested the IMF to thoroughly examine the election results before engaging in any new agreement with Islamabad. However, the IMF has rebuffed Khan's demand for an election audit, stating that it does not intervene in domestic political matters but emphasizes the importance of resolving electoral disputes peacefully and fairly.
Political Instability in Pakistan Casts Doubt on IMF Agreement: Fitch's Concerns
The agency emphasized the importance of a new IMF agreement to replace the expiring Stand-By Arrangement (SBA) in March, highlighting it as crucial to Pakistan's credit profile. While the country received a second tranche of over USD 700 million last month under the existing SBA, Fitch stressed the necessity of reaching a new agreement to alleviate external liquidity stress and mitigate the risk of default.
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