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.
Hinduism
Jagannath Puri Rath Yatra: world’s largest chariot festival
One of India’s biggest religious festivals, the Jagannath Puri Rath Yatra, is unique in that three Hindu gods are taken out of their temples in a colorful procession to meet their devotees. The biggest of […]
Business & Economics
Competition Commission probes Google for alleged unfair biz ways
The Competition Commission of India (CCI) has ordered a detailed probe against Google for alleged anti-competitive practices in the smart television operating systems market in the country. After assessing a complaint, the watchdog has reached […]
Science & Technology
NASA astronaut successfully harvests 2 plants in space
Washington (TIP): NASA’s Expedition 64 crew member Michael Hopkins has harvested two crops in space—‘Amara mustard, and a previously grown crop, ‘Extra Dwarf pak choi. They were grown for 64 days, the longest leafy greens […]
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