iNDICA NEWS BUREAU- The International Monetary Fund (IMF) on Wednesday projected a sharp contraction of 4.5 percent for the Indian economy in 2020, a “historic low,” citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities but said the country is expected to bounce back in 2021 with a robust six percent […]
Arul Louis- India’s current account (CA) balance deficit grew to $68 billion in 2018-19 from $49 billion the previous year, according to the International Monetary Fund (IMF), which said the deficit was justified by development needs. The External Sector Report of the IMF released on Wednesday by Chief Economist Gita Gopinath also found that India’s […]
