US steel, aluminum tariffs to likely hurt economies: IMF
Business | March 03, 2018 15:38 ISTTrump on Thursday said that he would impose a 25 per cent import tariff on steel and 10 per cent on aluminium to protect US producers.
Trump on Thursday said that he would impose a 25 per cent import tariff on steel and 10 per cent on aluminium to protect US producers.
The IMF estimates for India are slightly better than the World Bank’s estimate of 7.3% for the next fiscal year made earlier this month.
William Murray said the demonetisation did cause some temporary disruptions in economic activity, primarily, private consumption and small businesses due to cash shortages.
The IMF statement came as the latest figures showed that India grew at 6.3 per cent in the September quarter compared to 5.7 per cent in the June quarter, reflecting an improvement in the Indian economy.
An IMF official said it is not endorsing the replacement of Public Distribution System (PDS) with the Universal Basic Income (UBI) in India.
India carried out key structural reforms like demonetisation and the GST at the right time and it will serve the country well in the days to come, Finance Minister Arun Jaitley today said.
IMF chief Christine Lagarde today said the Indian economy is on a "very solid track" in the mid-term.
Union Finance Minister Arun Jaitley also expressed hope that this can be done as part of the 15th General Review of Quotas (GRQ).
Deputy Director Asia Pacific Department of IMF, Kenneth Kang, said the favourable outlook for Asia was an important opportunity for India to push forward with difficult reforms.
Finance Minister Arun Jaitley has said the Indian government is working on a plan to rebuild the capacity of the banking sector.
This year's growth projection is 0.5 percentage points less than its previous two forecasts in April and July, attributing it to demonetisation and introduction of the GST.
FM Arun Jaitley is on a week-long visit to the US to attend the annual meetings of the International Monetary Fund and World Bank.
The IMF, in its annual health check-up report on China, urged Beijing to speed up structural reforms in order to move towards a sustainable growth path.
With global economic recovery remaining on track on the back of better performing emerging economies, growth in India is expected to pick up further in 2017 and 2018, the IMF has said
The IMF insisted on the importance of favouring private consumption growth to boost the economy, rather than investment.
The International Monetary Fund (IMF) today said that with a growth forecast of 6.6 per cent for 2017, China’s GDP continues to decelerate as it transitions from an export and investment based economy to one based on domestic consumption.
Indian economy is expected to rebound to 7.2 per cent growth in the financial year 2017-18 and in the 2018-19 fiscal, it is likely to grow at 7.7 percent, the International Monetary Fund (IMF) said on Monday.
The Goods and Services Tax to be implemented from July 1 would help raise India's medium-term growth to above eight per cent, the International Monetary Fund has said.
Asserting that a strong India-China partnership is important for the world, the International Monetary Fund has said that maintaining openness to trade is very important, especially for Asia.
The International Monetary Fund (IMF) on Friday said that post demonetisation, India's growth is projected to rebound to 7.2 per cent in fiscal year 2018 and further to 7.7 per cent the next year.
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