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India is now world’s sixth largest economy: IMF
According to International Monetary Fund’s (IMF) World Economic Outlook (WEO) for April 2018, India is now the world’s sixth largest economy at $2.6 trillion (interms of GDP), displacing France. The five economies ahead are United States, China, Japan, Germany and ..
Month: Current Affairs - April, 2018
India expected to grow at 7.4% in 2018: IMF
The International Monetary Fund (IMF) in its latest World Economic Outlook (WEO) has projected India to grow at 7.4% in 2018 and 7.8% in 2019. It also held that India will again emerge as world’s fastest-growing major economy at least ..
Month: Current Affairs - April, 2018
Indian economy to grow at 7.4% in 2018: IMF
In its latest World Economic Outlook (January 2018 update) released by International Monetary Fund (IMF), India is projected to grow at 7.4% of its gross domestic product (GDP) in 2018 as against China’s 6.8%. The projection makes India fastest growing ..
Month: Current Affairs - January, 2018
IMF and WB jointly release Financial System Stability Assessment report
The International Monetary Fund (IMF) and World Bank (WB) has released the Financial System Stability Assessment (FSSA) and Financial Sector Assessment (FSA) respectively. It was second comprehensive Financial Sector Assessment Program (FSAP) of Indian financial system undertaken by the joint ..
Month: Current Affairs - December, 2017
Steering Committee of SARTTAC held in New Delhi
Interim Meeting of Steering Committee of International Monetary Fund (IMF)’s South Asia Regional Training and Technical Assistance Centre (SARTTAC) was held in New Delhi. Officials from all Six SARTTAC Member countries attended the meeting together with Development Partner representatives European ..
Month: Current Affairs - November, 2017
India's Forex Reserves reach Life Time High of $381.167 billion
According to RBI, India’s foreign exchange (Forex) reserves have increased by $2.404 billion to touch a lifetime high of $381.167 billion in the week that ended on June 2. The increase was due to increase in foreign currency assets (FCAs). Components The components of ..
Month: Current Affairs - June, 2017
IMF: India will Grow at 7.7% in 2018-19
The International Monetary Fund in its regional economic outlook has predicted the growth rate of India as 7.2% in the 2017-18 fiscal and 7.7% in 2018-19 fiscal. The report has stated that the disruptions caused by the demonetisation would be offset by ..
Month: Current Affairs - May, 2017
India's Forex reserves increase by $1.25 billion
According to the Reserve Bank of India’s weekly statistical supplement, India’s foreign exchange (Forex) reserves have increased by $1.25 billion to reach $371.13 billion from $369.88 billion as on April 21, 2017. The current reserves are just short of a lifetime ..
Month: Current Affairs - April, 2017
Global economy to grow 3.5% in 2017: IMF
The IMF has predicted that the global economy would grow at 3.5% in 2017, up from 3.1 % last year, and 3.6% in 2018. This year’s projection of IMF is marginally higher than what was stated in their last update. ..
Month: Current Affairs - April, 2017
IMF opens technical assistance and training centre SARTTAC in New Delhi
The International Monetary Fund (IMF) has opened a first-of-its-kind South Asia Training and Technical Assistance Centre (SARTTAC) in New Delhi for economic capacity building in South Asia. It will work to support local member countries of South Asia viz. India, ..