Indian Finance Minister Nirmala Sitharaman is on a visit to America these days. There he also held meetings with IMF and World Bank officials. Meanwhile, India is being praised a lot. While on one hand, the IMF MD has said that the country's high growth rate forecast is good news for the world, on the other hand, another senior official has said that India is fully capable of dealing with the economic situation arising out of the Ukraine crisis.
good news for the whole world
While praising India, IMF MD Kristalina Georgieva has said that India's high growth rate is good news not only for India but for the whole world. He said that India has proved itself in times of crisis and has emerged as an example for other countries. Georgieva said that even if the IMF has slashed India's growth forecast to 0.8 percent for 2022, it will continue to be the fastest-growing economy in the world. Georgieva said that India is playing an important role at the international level.
The economy will grow at the rate of 8.2%
Significantly, the IMF has reduced India's growth forecast to 8.2 percent in 2022. India's economic growth rate in 2021 was 8.9 percent. Even after a slight decline, India's growth rate estimate is much higher than China and America. The growth estimate for China is 4.4 percent, that is, India's economic growth rate will be twice that of China. China's growth rate was 8.1 percent in 2021. Apart from this, the growth rate of America has been projected to be 3.7 percent in 2022 and 2.3 percent in 2023. The economic growth rate of the US in the year 2021 was 5.7 percent. At the same time, the IMF has reduced the global growth forecast to 3.6 percent, which is much lower than the 6.1 percent in 2021.
India moving forward fast
A top official of the International Monetary Fund has said that India's economy has strengthened due to the successful macroeconomic management of the Covid-19 epidemic. This puts the country in a better position to face the economic fallout of the current Ukrainian crisis. IMF's Head of Mission for India Nada Chouri said that India represents about seven percent of the total world economy in terms of Purchasing Power Parity (PPP) and is one of the countries that is growing rapidly. He said that India's growth is working to lift the global economy.
Massive effects of the Russo-Ukraine War
Chouri said that the reduction in India's growth forecast by the IMF is largely due to the ongoing Russo-Ukraine war for more than one and a half months. This has certainly led to a jump in oil and other commodity prices, which is expected to remain for a long period. It has also had an impact on external demand, and the global economic slowdown is visible, especially in Europe, due to the war in Ukraine, he said.
Shashi Tharoor: Congress lashes out at Tharoor's statement on dynastic politics; BJP says, "Sir, we are praying for you."
Congress MP Shashi Tharoor's comments on dynastic politics have sparked an uproar. While the Congress party is on the defensive, the BJP has found a ready-made issue and an opportunity to target Rahul
Sourav Ganguly Resign News: Jay Shah rubbished the news of Sourav Ganguly's resignation
Sourav Ganguly Resign: Secretary Jay Shah has dismissed the news of Sourav Ganguly resigning as the President of the Board of Control for Cricket in India. Earlier there was news that the cricketer
Vote For Note: The Supreme Court reversed its own decision in the note for vote case, said - MP-MLAs are not exempted
The Supreme Court has given its verdict on the issue of currency notes for votes. The bench has overturned its previous decision of 26 years. CJI has expressed disagreement on giving relief to the
Pankaj Udhas Passed Away: Famous ghazal singer Pankaj Udhas is no more, breathed his last at the age of 72.
Famous ghazal singer Pankaj Udhas has passed away. He was ill for a long time. He was 72 years old. He was born on 17 May 1951 in Jetpur, Gujarat. Pankaj Udhas's daughter Nayaab Udhas has confirmed
Sheikh Hasina: Former Bangladesh PM Sheikh Hasina sentenced to death, International Crimes Tribunal's major decision.
A Bangladesh court delivered its verdict today against former Prime Minister Sheikh Hasina. The trial concluded on October 23rd. Judges at the International Crimes Tribunal (ICT) convicted her on five
Ram Lalla Diamond Crown: Ram Lalla will wear a diamond crown worth 6 kg and 11 crores, the courage of the diamond businessman of Surat
Diamond Crown for Ram Lalla's Idol: The program of consecration of Ram temple in Ayodhya has been completed and Ram Lalla has been seated at his birthplace. On Monday, people were seen celebrating in
Odd-Even: The government gave clarification on the withdrawal of the odd-even rule, knowing the important things related to the scheme
The odd-even rule may return soon to reduce vehicular pollution in Delhi. The situation remains very serious in the national capital with the Air Quality Index (AQI) reaching new highs. The state
Virat-Anushka were seen chanting 'Shri Ram, Jai Ram' in a kirtan in London, video went viral.
For a long time, there were rumors that Virat Kohli and Anushka Sharma would move to London with their family forever. Now recently a new video of Anushka Sharma and Virat Kohli from the UK is going
Alien Alert: Contact the world of aliens! The mysterious signal coming from space stunned the scientists
Alien News: Many types of claims are made about aliens every day in the world. Sometimes people make such claims, knowing about which even scientists are surprised. Do aliens exist in the universe?
Shah Rukh Khan Death Threat: The person who threatened to kill Shah Rukh Khan had these dangerous intentions, revealed
A shocking revelation has been made in the case of threatening to kill Bollywood actor Shahrukh Khan and demanding a ransom of Rs 50 lakh. Police sources said that the investigation by Bandra Police
