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10.3% fall of economy Reports IMF Indicates we below Bangladesh says Gandhi

The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund had said .   India if put its house properly then is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position Read More…

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Following Moody , Worldbank path IMF also downgraded Indian GDP growth by 19.6%

Following Rating agency Moody downgrading its projection growth on India , word bank downgrading Indian growth projection GDP , Global agency IMF on Tuesday also slashed India’s GDP growth projection for the year 2019 to 6.1 per cent, which is 1.2 per cent down from its April projections.   The downward revision relative to the Read More…

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Indian Origin USA Citizen Gita appointed Chief Economist in IMF

The International Monetary Fund (IMF) on Monday appointed Indian-origin Harvard University professor Gita Gopinath as its new chief economist. “International Monetary Fund (IMF) Managing Director Christine Lagarde appointed Gita Gopinath on Monday as Economic Counsellor and Director of the IMF’s Research Department,” IMF said in a statement. “Gita is one of the world’s outstanding economists, Read More…

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Amid Financial chaos Imran Khan becomes Pakistan prime minister

In Friday’s vote, Mr Khan was backed by 176 members. His opponent, Pakistan Muslim League-Nawaz (PML-N) president Shahbaz Sharif, received 96 votes. Speaking after the results, the prime minister-elect vowed to bring about the “change that this nation was longing for”, according to local media. He promised “strict accountability” for those who had “looted this Read More…