Indian Economy Growing at 7.4% in 2018: IMF

Washington: The International Monetary Fund (IMF) reaffirmed that India will be the fastest-growing major economy in 2018, with a growth rate of 7.4 percent that rises to 7.8 percent in 2019 with medium-term prospects remaining positive. The IMF’s Asia and Pacific Regional Economic Outlook report said that India was recovering from the effects of demonetisation […]

India Must Ensure Privacy of Aadhaar Info: IMF

Washington: The International Monetary Fund has cautioned that India should take necessary steps while implementing universal identification programmes like Aadhaar to ensure privacy and security controls. Identifying India as a leader in the biometric identification system, the IMF in its fiscal monitor report on digital governance released here said digitalisation can facilitate stronger governance, fiscal […]

US Import Restriction, Will Likely to Hurt Economies, IMF warns

Washington: The International Monetary Fund warned that U.S. import tariffs on steel and aluminum would likely cause economic damage to the United States and its trading partners, and urged countries to resolve trade disputes without resorting to retaliatory measures. The import restrictions announced by the U.S. President are likely to cause damage not only outside […]