India continues to remain the world’s fastest-growing major economy and the only country expected to clock over 6 per cent growth in the next two years, according to an IMF report released on Tuesday, which has trimmed the growth forecast for over 120 countries.
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman will embark on an official visit to the United States and Peru tonight.
Sharif also announced a reduction in commodity prices of industrial units by Rs 7.59 during a special event attended by cabinet members and business community on Thursday.
Several ambassadors and top diplomats from Islamic nations attended a 'Sadhbhavana Iftar' hosted by the Indian Minorities Federation (IMF) in New Delhi on Thursday evening, lauding India's cultural heritage, harmony and Prime Minister Narendra Modi's commitment to 'Sabka Saath, Sabka Vikas, Sabka Vishwaas' initiative to reach all communities.
As the world is in the midst of the ‘Great Election Year’ of 2024, the International Monetary Fund (IMF) has sounded the alarm on the perilous tight-rope walk between democratic exercises and fiscal responsibility.
The Maldives is highly vulnerable to climate change risks, with potentially severe economic costs due to floods and rising sea level, the IMF said.
It also upgraded the growth forecast for the India economy by 0.2 percentage points to 6.5 percent for both 2024 and 2025, citing resilient domestic demand.
The data cited the buoyant domestic spending and improved global growth prospects.
In the complex world of international finance, the recent reclassification of India’s exchange rate regime by the International Monetary Fund (IMF) from “floating” to “stabilised arrangement” has sparked a spirited disagreement between it and the Reserve Bank of India (RBI).
