Saudi Arabia completes its $3 billion support to Pakistan, offering short-term relief as debt repayments, IMF conditions, and global pressures continue to test the country’s fragile economy.
India’s position in the global GDP rankings has slipped from fifth to sixth, according to the latest IMF estimates.
International Monetary Fund (IMF) chief Kristalina Georgieva on Thursday said India's growth rate is more than two times higher than the average global growth.
IMF sees India as a key growth driver even as global expansion weakens, with strong policy frameworks and domestic demand helping cushion external shocks and energy price pressures.
Pakistan has drawn up a tight repayment schedule to return $3.5 billion to the UAE this month, even as rising outflows and weaker exports add pressure on its economy.
The IMF, World Bank, OECD, Moody’s, Fitch and the Asian Development Bank have either upgraded or maintained strong growth projections for India over the next two years, reinforcing its position as the world’s fastest-growing major economy, the government said in a statement.
The recent assessment of India’s national accounts by the International Monetary Fund (IMF) serves as a sobering reminder that numbers, however precise they appear, are only as reliable as the systems that generate them.
IMF Economist Shekhar Aiyar has been appointed as Director and Chief Executive of the Indian Council for Research on International Economic Relations (ICRIER).
Former Governor of Reserve Bank of India (RBI), Urjit Patel, has been appointed Executive Director at the International Monetary Fund (IMF), government said in a statement on Friday.
In June last year, 13.88 billion UPI transactions were done while 18.39 billion in the same period this year, marking a sharp 32 per cent year-on-year (YoY) growth.
