“Any emerging economy that performs well is good news,” Kaushik Basu, a former World Bank chief economist, tweeted after the International Monetary Fund updated its World Economic Outlook. “But it is surprising that India, which had a 25% lead five years ago, is now behind.” Ever since it began opening …
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The International Monetary Fund estimated on Tuesday that India’s per capita Gross Domestic Product It will contract by 10.3%, until March 31, 2021, while the figure in Bangladesh is expected to grow by 3.8%. India faces the largest contraction of any major emerging market in the wake of the coronavirus …
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NEW DELHI: India Gross domestic product (GDP) in terms of Purchasing power parity (PPP) was 11 times greater than that of Bangladesh in 2019, government sources said on Wednesday as they downplayed IMF projections that India would fall below the neighboring nation in GDP per capita this year. Earlier in …
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The International Monetary Fund (IMF) projected on Tuesday that India’s gross domestic product (GDP) would plunge in fiscal year 21 by 10.3%, revised down from its June forecast of a 4.5 drop. %, which reflects a severe contraction of what was anticipated in economic activities in the first year. quarter …
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