IMF Managing Director Highlights India's Success Grounded in Pursuit of Reforms Over the Years
Siddhant Kumar -
She identified India's digital initiatives, including digital public infrastructure, digital ID, and the emphasis on making digital a comparative strength, as significant advantages. Georgieva commended India for recognizing the need to enhance female participation in the labor market and Prime Minister Narendra Modi's commitment to empowering Indian women economically.
Gita Gopinath: Battle Against Inflation Not Yet Over, Expects Interest Rates to Remain Higher
Siddhant Kumar -
Speaking at a session during the World Economic Forum Annual Meeting 2024, Gopinath dismissed market speculations regarding an imminent cut in interest rates as premature. She cautioned against anticipating central banks to aggressively reduce rates, emphasizing that it is too early to reach such conclusions.
Shift in Global Dynamics: US Dollar Witnesses Decline in Dominance
Siddhant Kumar -
While the US dollar remains the dominant reserve currency globally, the euro comes second, with its share sliding to 19.6%. The Japanese yen's proportion of world reserves grew slightly to 5.5%, while the Chinese yuan, British pound, Canadian dollar, and Swiss franc saw minimal changes in their shares.
India's Growth Rate Expected to Remain Strong, Current Account Deficit Set to Decline: IMF Report
Anurima Das -
The IMF Directors commend India's prudent policies, economic performance, and call for sustained stability and key structural reforms to unlock the country's potential.
Global analysts have shown confidence in India's economic strength amid geopolitical challenges: FinMin docu
IANS -
This was stated by the finance ministry's economic review for September 2023. "Strong private consumption demand has been a major driver of India’s economic growth in the recent period," the review released on Monday said. In addition, it said that at least two additional drivers of growth have emerged, the first is the gradual strengthening of investment demand.
Despite global headwinds, RBI goes ahead of IMF, pegs growth at 6.5%
IANS -
Unveiling the bi-monthly monetary policy review, RBI Governor Shaktikanta Das said on October 6 that the domestic economy exhibits resilience on the back of strong demand.
Sitharaman calls for collective action for shared problems of IMF financial committee's member nations
IANS -
Sitharaman, who attended the Plenary Meeting of the International Monetary and Financial Committee (IMFC) in Marrakech, Morocco to discuss the priorities identified in IMF MD’s Global Policy Agenda, said this during her intervention.
Creditable! Buoyed by positivity on GDP, banks expect steady credit growth
IANS -
The Reserve Bank of India (RBI) has projected India’s Gross Domestic Product (GDP) to grow at 6.5 per cent in Financial Year (FY) 24.
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