India’s economy is on the path of gradual recovery, the International Monetary Fund has said ahead of its next month’s spring meeting with the World Bank. “India’s economy is on the path of gradual recovery, real GDP growth, return to positive territory in fourth quarter of 2020. And that’s for the first time actually since the start of the pandemic and it’s supported by a pickup in gross, fixed capital formation,” IMF’s spokesperson Gerry Rice told reporters at a news conference here on Thursday. “Beyond that, I can say that high frequency indicators including PMIs trade and mobility suggests a continued recovery in the first quarter of this year, ’21; however, the recent emergence of the variants and localised lockdowns could pose risks to a sustained recovery,” Rice said. The IMF is scheduled to release its World Economic Outlook on April 6.
Indian Americans
Indian American Senatorial candidate assaulted by a racist man
NEW YORK(TIP): Indian American Shiva Ayyadurai, running for senate, has been assaulted allegedly by a racist man who punched him in the face leaving him severely bleeding at a town hall in Massachusetts. According to […]
United States
Former President Trump charged with 37 federal counts, including 31 violations of Espionage Act; pleads not guilty
WASHINGTON, D.C. (TIP): Donald Trump has pleaded not guilty to charges that he broke the law dozens of times by hiding classified documents in his Florida home as he was formally arraigned at a Miami […]
Opinions
Opposition unity remains a bridge too far
Sisodia’s arrest has profound national implications for the direction the Opposition will eventually pursue. After tarring the TMC and AAP with the corruption taint, it is inconceivable that the Congress could include the Opposition in […]
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