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India in midst of significant economic slowdown, needs policy actions: IMF “India is now in the midst of a significant economic slowdown,” Salgado told reporters Current Affairs :India is presently amidst a noteworthy financial log jam, the International Monetary Fund has stated, encouraging the administration to take dire arrangement activities to address the current delayed downturn. In its report discharged Monday, the IMF Directors noticed that India’s quick financial development as of late has lifted a huge number of individuals out of neediness. Be that as it may, in the primary portion of 2019, a blend of components prompted stifled monetary development in India. “The issue in India right now is the development stoppage. Despite everything we trust it is for the most part repeating, not basic… in view of the money related area issues, we figure, the recuperation will be not as fast brisk as we suspected before. That is the primary issue,” Ranil Salgado, Mission Ch...

Global investors bet $45 bn on Modi’s India. Now they are reversing it International money managers are starting to fall out of love with Narendra Modi Current Affairs  :- In the wake of emptying $45 billion into India’s financial exchange in the course of recent years on expectations that Modi would release the nation’s monetary potential, universal cash chiefs are currently loosening up those bets at the quickest pace on record. They’ve sold $4.5 billion of Indian offers since June, on course for the greatest quarterly mass migration since in any event 1999. “The rapture around Modi before 2014 has decreased,” said Salman Ahmed, the London-based boss venture strategist at Lombard Odier Investment Managers, which supervises about $52 billion. It’s difficult to blame financial specialists for losing confidence. India’s financial development has decelerated for five straight quarters to the weakest level since mid 2013, one year before Modi ended up head administrato...

IMF says India’s growth ‘much weaker’ than expected; cuts FY20 projection The economic growth slowed to a seven-year low to 5 per cent in April to June quarter from 8 per cent a year ago, as per the government data Current Affairs  :- Global Monetary Fund (IMF) on Thursday said that India’s monetary development is “a lot flimsier” than anticipated because of corporate and natural administrative vulnerability and “waiting shortcoming” in some non-Bank budgetary organizations. “Once more, we will have a crisp arrangement of numbers coming up however the ongoing monetary development in India is a lot more fragile than anticipated, fundamentally because of corporate and natural administrative vulnerability and waiting shortcoming in some non-Bank money related organizations and dangers to the standpoint are tilted to the drawback, as we like to state,” IMF representative Gerry Rice told columnists at a news gathering. The monetary development eased back to a seven-year ...