IMF projects India’s GDP growth to contract by 4.5% this year
Global output is projected to decline by 4.9 percent in 2020, 1.9 percentage points below IMF's April forecast, followed by a partial recovery, with growth at 5.4 percent in 2021.
Global output is projected to decline by 4.9 percent in 2020, 1.9 percentage points below IMF's April forecast, followed by a partial recovery, with growth at 5.4 percent in 2021.
The IMF has slashed India's growth rate to 4.8 per cent for the current fiscal year which was expected to rise to 5.8 per cent in 2020.
Gopinath had previously said that the regulatory uncertainty has played a major role in the economic slowdown in India.
The IMF Chief Economist said that although reforms are important for an economy, they should come with clarity and certainty on the policies and regulations.
The John Zwaanstra professor of International Studies and Economics at Harvard University, Gopinath, 47, succeeds Maurice (Maury) Obstfeld as Economic Counsellor and Director of the IMF's Research Department, who retired on December 31.
Nothing could be as pleasing as the news that a Kolkata-born Keralite, a Jawaharlal Nehru University ( JNU) alumnus to…
Gopinath, who currently serves as the John Zwaanstra Professor of International Studies and Economics at Harvard University, succeeds Maurice (Maury) Obstfeld, who announced in July that he would retire at the end of 2018
