India is likely to record its worst growth performance since the 1991 liberalisation this fiscal year as the coronavirus outbreak severely disrupts the economy, the World Bank said. Continue Reading
Reserve Bank governor Shaktikanta Das today assured that the central bank will take every measure needed to secure the economy against the challenges arising from the corona virus epidemic. Continue Reading
The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.
The International Monetary Fund-supported India’s recent decision to reduce corporate income tax, saying it has a positive impact on investment. It, however, said India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions. Continue Reading
“India has a high stock of non-performing assets (NPAs) and (although) there has been some progression, further progress is welcome,” said head of Monetary and Capital Markets at IMF, Tobias Adrian. Continue Reading