Page-6 of United Nations Economic and Social Council Current Affairs, GK & News

IMF reduces India’s growth forecast to 6.7%

The International Monetary Fund (IMF) has recently released its October 2017 World Economic Outlook. In it, IMF slashed India’s growth forecast by 0.5% points to 6.7% in FY 18 due to the lingering effects of disruption caused by demonetisation and transition costs of GST. Earlier, in April, the IMF had pegged India’s GDP growth at ..

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IMF’s World Economic Outlook Update hews down India’s growth forecast to 6.1%

The International Monetary Fund (IMF) in its World Economic Outlook Update, chopped down India’s economic growth projection from 6.8 % to 6.1% in 2012. This is the result of slowdown in external demand and deceleration in domestic demand. The slow in domestic demand has been attributed to capacity constraints and monetary tightening by RBI. It ..

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India set to become eighth largest shareholder in IMF

India is ready to become the 8th largest shareholder in the IMF after quota reforms which are expected to be finalized at the agency’s annual meeting at Tokyo in October 2012. Once the quota reforms are put through, India’s share at IMF will elevate to 2.75% from 2.44%. Presently India is at 11th position India ..

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India need not transfer $10 bn into IMF right away

India may not be required to infuse $10 billion (Rs 55,000 crore) it promised at the G20 to the International Monetary Fund (IMF) for bailing out debt-trapped Euro zone if the global economic situation gets better The amount to be transferred will be completely liquid and will remain part of our reserves as the IMF ..

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IMF lowers India’s growth forecast to 6.9% for 2012

­­The IMF (International Monetary Fund) lowered India’s growth forecast to 6.9% for this year. The lowered growth outlook in 2012 owes much to a slowdown of investment which partly reflects structural factors IMF called for renewed efforts to revive the flagging structural reform agenda. It also pointed out that domestic factors too have played a ..

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