IMF report: Key structural reforms could raise India’s economic growth potential
3 weeks, 3 days ago

IMF report: Key structural reforms could raise India’s economic growth potential

Live Mint  

New Delhi: The International Monetary Fund has said India's robust economic performance presents a crucial opportunity to implement key structural reforms that are essential for achieving its goal of becoming an advanced economy by 2047. In an Article IV Consultation report for 2024, the IMF executive board said deeper implementation of structural reforms could boost private investment and employment in India, raising potential growth. "Executive directors commended the authorities’ prudent macroeconomic policies and reforms, which have contributed to making India’s economy resilient and once again the fastest-growing major economy," IMF said in a statement. Fiscal policy Meanwhile, IMF directors praised India's fiscal prudence and debt target and recommended continued, well-calibrated fiscal consolidation over the medium term to rebuild buffers, ease debt service, and reduce debt.

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Sanjeev Ahluwalia | Shoring up India’s flagging growth: Key govt challenge
2 weeks, 3 days ago

Sanjeev Ahluwalia | Shoring up India’s flagging growth: Key govt challenge

Deccan Chronicle  

The main challenge before the Narendra Modi government is how to balance the onerous investment and institutional demands of high growth, without risking a political blowback. GDP growth higher than comparators: GDP growth in real terms during the third quarter of this fiscal, at 6.2 per cent, is higher than the average of the first two quarters. The IMF estimates …

Congress says IMF report underscores ‘tepid’ private investment in India; urges Modi government to boost mass consumption, rationalise trade policy
2 weeks, 4 days ago

Congress says IMF report underscores ‘tepid’ private investment in India; urges Modi government to boost mass consumption, rationalise trade policy

The Hindu  

The Congress on Thursday said that a report by the International Monetary Fund had flagged the issue of “tepid” private investment growth in India. In a statement, Congress general secretary Jairam Ramesh said the IMF had devoted an entire section to ‘Reigniting Private Investment in India’ in its just-released annual ‘India Article IV Consultation Report’. “Notably, the situation is only …

India to remain fastest growing major economy with 6.5% growth in FY26: IMF
Trending News
3 weeks, 2 days ago

India to remain fastest growing major economy with 6.5% growth in FY26: IMF

India Today  

Multilateral financing agency International Monetary Fund has said that India will retain its position as the fastest-growing major economy by clocking a GDP growth of 6.5 per cent in 2025-26, on the back of robust private investment and macroeconomic stability. "Real GDP is expected to grow at 6.5 per cent in 2024-25 and 2025-26, supported by robust growth in private …

India needs structural reforms to become an advanced economy by 2047: IMF
Trending News
3 weeks, 3 days ago

India needs structural reforms to become an advanced economy by 2047: IMF

Deccan Chronicle  

Chennai: India’s strong economic performance provides an opportunity to advance critical and challenging structural reforms to realize India’s ambition of becoming an advanced economy by 2047, finds the IMF. Near-term priorities include labour market reform, further reductions in trade restrictions, continuing the public investment push, and providing strong policy frameworks for a stable economic environment. Other priorities include pursuing agricultural, …

Congress targets Modi government over household indebtedness, says it ‘failed to acknowledge the crisis’
3 weeks, 3 days ago

Congress targets Modi government over household indebtedness, says it ‘failed to acknowledge the crisis’

The Hindu  

Stepping up its attack on the Union government’s management of the economy, Congress president Mallikarjun Kharge on Thursday claimed that 100 crore Indians did not have any extra income to spend and Prime Minister Narendra Modi’s “version of Viksit Bharat empties ordinary Indians’ pockets and filled the coffers of select billionaires”. Addressing a press conference, party spokesperson Ajoy Kumar claimed …

IMF supports Pakistan PM's decisive actions for betterment of economy
1 month, 1 week ago

IMF supports Pakistan PM's decisive actions for betterment of economy

The Hindu  

The International Monetary Fund on Wednesday expressed support for decisive actions by Prime Minister Shehbaz Sharif’s government for the betterment of Pakistan’s economy. IMF Managing Director Kristalina Georgieva, who met CM Sharif during the Prime Minister’s visit to the United Arab Emirates, in a post on X said, “I am encouraged by their strong commitment to Pakistan’s IMF-supported reforms and …

A tightrope act: The budget does a good job of balancing divergent demands
1 month, 2 weeks ago

A tightrope act: The budget does a good job of balancing divergent demands

Live Mint  

India’s budget for 2025-26 demonstrates a careful balance between an unwavering focus on macroeconomic stability by continuing on a path of fiscal prudence and addressing growth concerns. Notably, fiscal consolidation remains the budget’s primary focus, with its fiscal-deficit target set at 4.4% of GDP, a further reduction of 0.4 percentage points. This cut, which accounts for almost the entire fiscal …

Fitch rules out rating upgrade, but says fiscal targets realistic
1 month, 3 weeks ago

Fitch rules out rating upgrade, but says fiscal targets realistic

New Indian Express  

Mumbai: International rating agency Fitch has said the fiscal numbers – 4.8% fiscal deficit for this fiscal and 4.4% for the next-- proposed in the Budget 2025 looks realistic and achievable. On the rating impact of the Budget, he said; “Sustained deficit reduction, meeting of fiscal targets and continued adherence to transparency further bolsters India’s improving fiscal credibility, as we …

Budget 2025 is a pragmatic balance of consumption and fiscal discipline: Radhika Gupta
Trending News
1 month, 3 weeks ago

Budget 2025 is a pragmatic balance of consumption and fiscal discipline: Radhika Gupta

Live Mint  

Budget 2025 has moved in a path that at once caters to the immediate requirements of the economy, while continuing on the path to investing for future growth, even while ensuring a tight leash on the fiscal deficit. Tax slab rationalisation to boost consumption, ease of taxation via higher thresholds for tax deductions, tax clarity on ULIP investments, and tax-free …

Union Budget 2025: Big income tax relief, push to Make in India and other highlights
1 month, 3 weeks ago

Union Budget 2025: Big income tax relief, push to Make in India and other highlights

Firstpost  

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament on Saturday. In the budget address, the Finance Minister emphasised that India’s economic resilience remains strong, with an estimated real GDP growth of 6.4 per cent in FY25 and robust private consumption contributing to economic momentum. Thailand 3.0% Jul-Sep 2024 Source: Trading Economics High-frequency indicators indicate that the domestic …

Budget 2025: India set to achieve fiscal deficit target of 4.5% by 2026, says BofA
1 month, 3 weeks ago

Budget 2025: India set to achieve fiscal deficit target of 4.5% by 2026, says BofA

Live Mint  

Budget 2025 Expectations: India is poised to meet its medium-term target of a 4.5 per cent fiscal deficit to GDP by 2026, which it had set in 2021, according to Bank of America. While economic expansion has remained a priority, the fiscal deficit has steadily declined from the pandemic-induced highs, progressively stabilising toward the 4.5 per cent target. For FY25, …

Budget 2025: India’s fiscal consolidation is well on track despite hurdles
1 month, 3 weeks ago

Budget 2025: India’s fiscal consolidation is well on track despite hurdles

Live Mint  

As is usually the case, India’s Union budget for 2025-26, to be announced on 1 February, is expected to attract a lot of attention from different stakeholders in the economy, particularly with its growth momentum having sprung a significant downside surprise in 2024-25. Indeed, both the interim budget in February and the post-election budget in July exceeded expectations on the …

Arun Maira: The impact of AI on Indian jobs is a distraction we can do without
1 month, 3 weeks ago

Arun Maira: The impact of AI on Indian jobs is a distraction we can do without

Live Mint  

AI seems to be in every discussion these days, whether it is about privacy, surveillance, consumer rights, health, education, climate change, jobs or incomes. A 2016 Confederation of Indian Industry report that I guided, titled ‘Future of Jobs in India: Enterprises and Livelihoods,’ noted the wide variation of their estimates. Others are concerned about AI’s dark side: loss of privacy …

From Fragile Five to First Five: India's journey of fiscal consolidation
2 months ago

From Fragile Five to First Five: India's journey of fiscal consolidation

Live Mint  

Fiscal discipline is a cornerstone of economic stability for any country, and India is no exception. In an era of escalating geopolitical uncertainties and changing trade dynamics, maintaining fiscal discipline has become increasingly critical to shield economies from external shocks and ensure confidence among global investors. India realized the importance of a controlled fiscal deficit when India was declared as …

Tax tweaks, employment schemes— ICICI Bank lists 6 key themes that may dominate Budget 2025
2 months ago

Tax tweaks, employment schemes— ICICI Bank lists 6 key themes that may dominate Budget 2025

Live Mint  

With the Union Budget just a few days away, speculations are high about what Finance Minister Nirmala Sitharaman may announce on February 1 to stimulate economic growth and boost consumption. Tweaks in tax rates: According to ICICI Bank, the government may focus on putting more money in the hands of consumers due to moderate wage growth in corporate India and …

Tax tweaks, employment schemes— ICICI Bank lists 6 key themes that may dominate Budget 2025
2 months ago

Tax tweaks, employment schemes— ICICI Bank lists 6 key themes that may dominate Budget 2025

Live Mint  

With the Union Budget just a few days away, speculations are high about what Finance Minister Nirmala Sitharaman may announce on February 1 to stimulate economic growth and boost consumption. Tweaks in tax rates: According to ICICI Bank, the government may focus on putting more money in the hands of consumers due to moderate wage growth in corporate India and …

Capital markets to watch budget balance between fiscal deficit and spending
Trending News
2 months ago

Capital markets to watch budget balance between fiscal deficit and spending

Live Mint  

India’s market participants will watch the upcoming Union Budget for 2025-26 for proposals to boost consumption while continuing on the patch of fiscal consolidation as the economy grapples with a slowdown. The expectations from finance minister Nirmala Sitharaman’s eight budget are centered around potential reforms and fiscal measures that could boost various sectors and maintain India's growth momentum, said Dhiraj …

IMF keeps India’s GDP growth forecast unchanged at 6.5% for FY25 and FY26
2 months ago

IMF keeps India’s GDP growth forecast unchanged at 6.5% for FY25 and FY26

Live Mint  

New Delhi: The International Monetary Fund has maintained its Indian growth forecast unchanged at 6.5% for FY25 and FY26 in an update to its World Economic Outlook released on Friday. "Growth in India also slowed more than expected, led by a sharper-than-expected deceleration in industrial activity," the IMF said in its latest update. The advance estimate is also lower than …

India’s fiscal deficit to shrink continuously amid strong tax revenues: World Bank
2 months, 1 week ago

India’s fiscal deficit to shrink continuously amid strong tax revenues: World Bank

Live Mint  

New Delhi, January 17 : The fiscal deficit in India is expected to shrink continuously, driven by growing tax revenues, according to the latest World Bank report. The World Bank noted that while fiscal deficits in most countries in South Asia are expected to remain generally tight, India stands out with its improving fiscal position. The World Bank says that …

India’s fiscal deficit for FY26 expected at 4.4%-4.6% of GDP: Goldman Sachs
2 months, 1 week ago

India’s fiscal deficit for FY26 expected at 4.4%-4.6% of GDP: Goldman Sachs

Live Mint  

New Delhi: India's fiscal deficit could come in at 4.4% to 4.6% of GDP in FY26, Goldman Sachs Economics Research said in a report on Monday. The central government's “fiscal impulse will remain a drag on growth in the next fiscal year”, said the report titled ‘Asia in Focus—Union Budget Preview: Policy Choices in a Cyclical Growth Slowdown’. "We continue …

Indian economy likely to be 'a little weaker' in 2025: IMF MD
2 months, 1 week ago

Indian economy likely to be 'a little weaker' in 2025: IMF MD

The Hindu  

The Indian economy is expected to be "a little weaker" in 2025 despite steady global growth, IMF Managing Director Kristalina Georgieva has said. Ms. Georgieva said she expects the Indian economy to be a little weaker in 2025. “This uncertainty is particularly high around the path for trade policy going forward, adding to the headwinds facing the global economy, especially …

Fiscal tightness may further slow down economy
2 months, 2 weeks ago

Fiscal tightness may further slow down economy

New Indian Express  

India’s real GDP growth rate is pegged at a four-year-low of 6.4 percent for 2024-25, weighed down by a likely decline in manufacturing and investments. They are far below the 8.2 percent growth seen last fiscal, lower than the Economic Survey’s 6.5-7 percent and even the RBI’s revised forecast of 6.6 percent. The National Statistical Office’s first advance estimates project …

India FY25 GDP: Indian economy poised to grow 6.6% in FY25 on revival in urban, rural demand: RBI Report
2 months, 3 weeks ago

India FY25 GDP: Indian economy poised to grow 6.6% in FY25 on revival in urban, rural demand: RBI Report

Live Mint  

India FY25 GDP: India's gross domestic product is projected to grow at 6.6 per cent in 2024-25, aided by a revival in rural consumption, a pickup in government consumption and investment, and strong services exports. RBI's economic review: Key metrics from December issue According to the RBI, the real GDP growth is expected to recover in Q3 and Q4 of …

India’s Economy Is Likely to Grow by 6.5 per Cent in the Current and the Next Financial Year
2 months, 3 weeks ago

India’s Economy Is Likely to Grow by 6.5 per Cent in the Current and the Next Financial Year

Deccan Chronicle  

New Delhi: India's economy is likely to grow by 6.5 per cent in the current and the next financial year, attributing lower than anticipated expansion in the September quarter to fall in private consumption expenditure and gross fixed capital formation. The economy continued to be negative even in October 2024 at 8.4 per cent, implying that in the first seven …

Indian Economy To Grow At 6.5 Per Cent In FY25 And FY26, Says EY Economy Watch
2 months, 3 weeks ago

Indian Economy To Grow At 6.5 Per Cent In FY25 And FY26, Says EY Economy Watch

ABP News  

The Indian economy is projected to grow at 6.5 per cent in the current and next fiscal year, an EY report revealed. The study showed that real GDP growth slowed down to reach a seven-quarter low of 5.4 per cent in the second quarter in the current 2024-25 fiscal year, in comparison to 6.7 per cent expansion rate clocked in …

India's GDP growth seen at 6.5% in FY25, FY26: EY report
2 months, 3 weeks ago

India's GDP growth seen at 6.5% in FY25, FY26: EY report

New Indian Express  

NEW DELHI: India's economy is likely to grow by 6.5 percent in the current and the next financial year, an EY report said, attributing lower than anticipated expansion in the September quarter to fall in private consumption expenditure and gross fixed capital formation. The EY Economy Watch December 2024 forecasts India's real GDP growth at 6.5 percent for FY25 and …

Over-aggressive fiscal deficit target to hit growth, says CII
3 months, 2 weeks ago

Over-aggressive fiscal deficit target to hit growth, says CII

New Indian Express  

NEW DELHI: Amidst the growing voices for a less aggressive fiscal consolidation road map, industry body Confederation of Indian Industry has suggested sticking to the fiscal deficit target of 4.9% of GDP for FY25 and a target of 4.5% FY26. CII has also welcomed the announcement in the Union Budget 2024-25 to keep the fiscal deficit at levels that help …

Economists ask Finance Minister to focus on growth rather than fiscal consolidation
3 months, 2 weeks ago

Economists ask Finance Minister to focus on growth rather than fiscal consolidation

New Indian Express  

NEW DELHI: With the second quarter GDP growth falling to a 7-quarter low of 5.4%, economists have asked the government to shift its policy focus to growth rather than fiscal consolidation. In a pre-budget meeting with finance minister Nirmala Sitharaman on Friday, a delegation of economists suggested the government readdress the pace of fiscal consolidation and take measures to boost …

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA
4 months ago

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA

New Indian Express  

MUMBAI: Domestic rating agency ICRA on Wednesday said India's real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance. The agency, however, maintained its FY25 growth estimate at 7 per cent on expectations of a pick up in economic activity in the second half of the fiscal. …

Could ‘two-factor authentication’ in India's fiscal policy be a masterstroke?
7 months ago

Could ‘two-factor authentication’ in India's fiscal policy be a masterstroke?

Live Mint  

Limiting the union government's fiscal deficit to 3% of GDP has been the holy grail of India’s fiscal policy since the Fiscal Responsibility and Budget Management Act came into effect in 2004. That’s because the two measures are closely related: the fiscal deficit represents the flow of borrowing in a year, which adds to the existing stock of accumulated debt. …

India confident of achieving fiscal deficit target, on course with glide path: FM Sitharaman
7 months, 3 weeks ago

India confident of achieving fiscal deficit target, on course with glide path: FM Sitharaman

Live Mint  

The government is confident of achieving its fiscal deficit target and sticking to the glide path to trim it to 4.5% of the GDP by FY26, Union finance minister Nirmala Sitharaman told Parliament on Tuesday, addressing concerns raised by the Opposition on the budget. Sitharaman also outlined the government’s budgetary allocations for social sector welfare schemes, public capex, expenditure on …

Pakistan’s Ambitious Budget Made With an Eye on IMF Deal
7 months, 3 weeks ago

Pakistan’s Ambitious Budget Made With an Eye on IMF Deal

The Diplomat  

Pakistan’s newly elected government recently presented its federal budget for 2024-2025, setting an ambitious tax revenue target of $46.66 billion – a nearly 40 percent jump from the past year. The government’s ambitious budget plans may impress international observers, but the true test will be whether it can overcome these deep-seated challenges to expand the tax net meaningfully. The government’s …

Govt. on track to reduce fiscal deficit: Fitch
7 months, 3 weeks ago

Govt. on track to reduce fiscal deficit: Fitch

The Hindu  

Fitch Ratings on Friday exuded confidence that the Government of India should be able to achieve its enhanced goal of reducing the fiscal deficit to 4.9% of GDP this year, and further below 4.5% of GDP next year, but noted that the post-election Budget did not provide much clarity on medium-term targets. While the Budget did highlight “a desire to …

Budget 2024: A message of fiscal stability, growth continuity
8 months ago

Budget 2024: A message of fiscal stability, growth continuity

The Hindu  

The FY25 Union Budget has sent out a strong message under the new administration — there remains an unequivocal focus on stability and continuity amidst a new chiselled focus on providing growth a more inclusive character in India. The fiscal deficit, at 5.6% of GDP in FY24, still high compared to pre-COVID-19 pandemic levels, provided the needed growth impetus via …

Economic Survey 2023-24: ‘Focus on macro stability ensured minimal impact from external challenges’
8 months ago

Economic Survey 2023-24: ‘Focus on macro stability ensured minimal impact from external challenges’

The Hindu  

As per the latest Economic Survey tabled in Parliament on July 22, India’s focus on maintaining macroeconomic stability ensured external challenges had “minimal impact” on the economy. Read the full Economic Survey 2023-24 The survey goes on to state that growth prospects for the ongoing financial year “look good”, subject to geopolitical, financial market and climate risks. The outlook had …

IMF raises India’s FY25 growth forecast upward to 7%
8 months, 1 week ago

IMF raises India’s FY25 growth forecast upward to 7%

Hindustan Times  

The International Monetary Fund raised India’s growth forecast for FY25 to 7 per cent from 6.8 per cent projected in April. This comes as the Reserve Bank of India revised India’s growth forecast upward to 7.2 from 7 per cent earlier in June. IMF said that the global economy is still poised for a soft landing as it raised the …

Pakistan reaches new $7 billion loan deal with IMF
8 months, 1 week ago

Pakistan reaches new $7 billion loan deal with IMF

Associated Press  

Pakistan has reached a staff-level agreement for a new $7 billion loan deal, the International Monetary Fund said Friday, the country’s latest turn to the global lender for help in propping up its economy and dealing with its debts through big bailouts. “The program aims to capitalize on the hard-won macroeconomic stability achieved over the past year by furthering efforts …

IMF Retains Growth Forecast for India at 7 PC in FY25
9 months ago

IMF Retains Growth Forecast for India at 7 PC in FY25

Deccan Chronicle  

Chennai: The International Monetary Fund on Tuesday retained the growth of the Indian economy for the current fiscal at 7 per cent and for next year at 6.5 per cent. As projected in July, the IMF retained the growth forecast for FY25 at 7 per cent and FY26 at 6.5 per cent. Deloitte India too on Tuesday projected 7 -7.2 …

Govt may revise fiscal deficit target to 5% of GDP in Budget
9 months, 1 week ago

Govt may revise fiscal deficit target to 5% of GDP in Budget

Hindustan Times  

NEW DELHI: The full budget for FY25 may see a downward revision of India’s fiscal deficit target for the current financial year from previous target of 5.1% of the gross domestic product to at least 5% or less as North Block swings into action to translate Prime Minister Narendra Modi’s development agenda into budget proposals, three people aware of the …

Financial stability challenges need to be discussed, IMF MD echoes RBI governor
9 months, 2 weeks ago

Financial stability challenges need to be discussed, IMF MD echoes RBI governor

Hindustan Times  

Echoing the sentiment expressed by Reserve Bank of India Governor Shaktikanta Das, Kristalina Georgieva, Managing Director, International Monetary Fund, underscored the need to discuss the financial stability challenges in a separate discussion in Washington D.C. Kristalina Georgieva, managing director of the International Monetary Fund. She underscored the challenges posed to the financial sector due to the introduction of new technologies …

India should bring back fiscal positions to pre-pandemic levels: IMF
9 months, 2 weeks ago

India should bring back fiscal positions to pre-pandemic levels: IMF

Deccan Chronicle  

Chennai: The International Monetary Fund has advised countries, including India, which have elections this year, to begin fiscal consolidation in order to bring fiscal positions back to pre-pandemic levels. When asked about the concern IMF expressed about the governments being tempted to increase public spending during election years in countries, including Mexico and India, Julie Kozack, Director of the Communications …

Coalition crutches could cramp reform chase, say Moody’s, Fitch
9 months, 2 weeks ago

Coalition crutches could cramp reform chase, say Moody’s, Fitch

The Hindu  

With the BJP losing an outright majority in the Lok Sabha, global rating agencies on Wednesday said navigating far-reaching reforms may prove more difficult during a coalition-dependent third term likely for Prime Minister Narendra Modi. While “broad policy continuity” is expected in areas such as the thrust on public capex to spur the economy and gradual fiscal consolidation, a BJP-led …

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades
9 months, 2 weeks ago

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades

Firstpost  

“In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025, because pent-up demand accumulated during the pandemic has been exhausted” the IMF said in the World Economic Outlook The IMF on Tuesday said India's GDP would grow 7% in 2024-25. India’s GDP …

Debt, fiscal challenges facing low-income countries worry IMF
11 months ago

Debt, fiscal challenges facing low-income countries worry IMF

The Hindu  

Shareholders of the International Monetary Fund agreed on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on April 19. Impact of high debt levels on low-income countries Ms. Georgieva, in a meeting of the Global Sovereign Debt Roundtable hosted by the IMF and the World …

India is the bright spot in sluggish economy
11 months ago

India is the bright spot in sluggish economy

Hindustan Times  

The April edition of IMF’s World Economic Outlook shows that the global economy has done better in the year than how the Fund expected it to do. Policymakers will have to be cautious in dialling back on monetary tightening, and be mindful of the growing national debt burden, especially in advanced countries. All this will have to be done while …

IMF forecasts India’s economy to grow 6.8% this fiscal year
11 months, 1 week ago

IMF forecasts India’s economy to grow 6.8% this fiscal year

The Hindu  

The International Monetary Fund on Tuesday raised its growth projection for India’s GDP in the current fiscal year 2024/25 to 6.8%, and forecast a 6.5% expansion next year. The global economy had remained “remarkably resilient” with steady growth and inflation returning to target and had “defied expectations of stagflation and global recession” in the wake of the post-pandemic supply disruptions, …

IMF says ‘8% growth view for India not ours’, distances itself from top executive's remarks
11 months, 2 weeks ago

IMF says ‘8% growth view for India not ours’, distances itself from top executive's remarks

Hindustan Times  

The International Monetary Fund responded to recent remarks of Krishnamurthy Subramanian, Executive Director at the IMF about India's growth figures saying that it does not represent the views of the IMF. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} "The views conveyed.by Mr. Subramanian were in his role as India's representative at the IMF," Julie Kozack, IMF spokesperson, said responding to a question on …

Economic conditions in debt-stricken Sri Lanka improving, IMF says
1 year ago

Economic conditions in debt-stricken Sri Lanka improving, IMF says

Al Jazeera  

IMF says inflation has dropped from 70 percent, economy expanded in the second half of 2023. The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund has said. Sri Lanka’s year-on-year economic expansion in the third quarter of 2023 was 1.6 percent, and in the fourth …

IMF says the economic situation in debt-stricken Sri Lanka is gradually improving
1 year ago

IMF says the economic situation in debt-stricken Sri Lanka is gradually improving

Associated Press  

COLOMBO, Sri Lanka — The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund said Thursday. Sri Lanka’s year-on-year economic expansion in the third quarter of 2023 was 1.6% and in the fourth quarter 4.5%, the IMF said. The economic crisis in early 2022 left Sri …

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