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.
India
Joint Secretary Vinay Kumar appointed India’s Ambassador to Afghanistan
NEW DELHI(TIP) : Senior diplomat Vinay Kumar has been appointed as India’s ambassador to strategically key Afghanistan. He will replace Manpreet Vohra in Kabul. Kumar, a 1992 batch Indian Foreign Service officer, is currently serving as Joint Secretary […]
World
Putin says Russia’s spy agencies prevented 60 terror attacks
MOSCOW (TIP): President Vladimir Putin says Russian security agencies have thwarted 60 terror attacks in the country this year. Russia marked its Day of Employees of State Security Agencies on Wednesday. Speaking to intelligence officers on their professional holiday, Putin said […]
United States
Chicago Tamil Women Celebrate International Women’s Day
CHICAGO, IL(TIP): There is only one thing more precious than our time & that is who we spend it on. It was truly a time well spent in the company of wonderful friends and acquaintances […]
Be the first to comment