Thursday, November 26, 2020
Home Uncategorized India to bounce back from Covid crisis with impressive growth to become...

India to bounce back from Covid crisis with impressive growth to become fastest-growing emerging economy – IMF

Also on

World’s fifth-largest foreign exchange reserves provide India with cushion against economic shock

“We think that there is room to recalibrate and to provide more direct relief and spending support, which could have a first-order impact on preventing even worse outcomes,” Nabar said. 

He noted that on the monetary policy side, the Reserve Bank of India (RBI) had come in very aggressively early on. “It has paused recently with its interest-rate cuts, looking through this inflation, the spike in inflation that they have had recently, but we believe there is more that the RBI can do, too, in terms of there is room to cut if needed, and we think that should be done once this inflation spike is more under control.” 

READ MORE: Worst of crisis over for India’s Covid-ravaged economy – business industry

The official concluded: “Together with these efforts, both on the fiscal side and the monetary side, we think that would put India on a path to recovery going forward… The Indian economy would be well placed to start recovering from this horrible crisis that it is experiencing right now.”

For more stories on economy & finance visit RT’s business section


Please enter your comment!
Please enter your name here

Most Popular

Camila Cabello Reaction To Boyfriend Shawn Mendes’ Netflix Documentary Shows That They Are A Dream Couple

Two young singers, Camila Cabello and Shawn Mendes, who are also both very successful in their fields, are almost over a year in their...

Hulk Hogan’s Daughter Brooke Flashes Her Toned Midriff As She Poses Up A Storm In Floral Knotted Shirt

The daughter of iconic WWE wrestler Hulk Hogan and famous singer, Brooke Hogan, has shared yet another stunning pose of herself via her Instagram...

Channing Tatum Surprises Everyone With His New Photo While Explaining Why He Did It

The other day, actor Channing Tatum, who shared a post two months ago, shared a selfie of his new style on his Instagram account,...

Eniko Hart Turns Heads In White Sweatshirt And Leggings As She Heads Out For A Stroll With Daughter Kaori

The successful comedian and actor Kevin Hart‘s wife, Eniko Hart, has shared a recent photo of herself with her newborn daughter, Kaori Mai, on...

Recent Comments