Bharat Express

IMF

According to the UNCTAD report, India's rising exports, especially in services, chemicals, and pharmaceuticals, contribute significantly to this growth

The International Monetary Fund (IMF) has approved an $820 million disbursement to Egypt. This payment is part of an $8 billion loan program initiated to support Egypt's economy.

Dr. Gita Gopinath, Deputy Managing Director of the IMF has projected that India will become the third-largest global economy by 2027.

India's growth forecast for this year has been revised to 7.0 percent, reflecting upward revisions for 2023 and improved prospects for private consumption, particularly in rural areas.

IMF pointed out that India's federal system grants states autonomy on matters such as law, allowing them the constitutional freedom to create and implement their own laws.

IMF chief urged states to tackle this “troubling trend” and to take steps “to prevent the technology from further stoking social tensions.”

Addressing a convocation near Ahmedabad NSE CEO Ashish Chauhan Said that in the next 50 years, we can be in the league of rich nations.

The UK economy is approaching a soft landing, with a recovery in growth expected in 2024, strengthening in 2025, IMF said.

The Bretton Woods Institutions are the World Bank and the International Monetary Fund (IMF) called so as both were set up at a meeting of 43 countries in Bretton Woods, New Hampshire, USA in July 1944.

The IMF report reflects that India remains the fastest-growing country among emerging economies.