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.
The IMF reclassified India’s foreign-exchange regime to a stabilised arrangement from a floating system, it said in its annual Article IV country report.
The World Bank has issued a stern warning that Pakistan’s present economic model can no longer be successful in alleviating…
IMF lending always boosts investors' confidence, as strong reform preconditions the Fund imposes help a country's eco- nomic recovery.
Sitaraman pointed out various initiatives taken by the Govt of India for women's empowerment, enhancing their economic independence and their outcomes.
The International Monetary Fund on Tuesday hailed India as "one of the bright spots" in the global economy even as it trimmed its projected growth for 2023 by 0.2 percentage points, but only because, it acknowledged, it had previously underestimated the country's performance during the Covid-19 pandemic years of 2020-2021.
