India’s economy on path of gradual recovery: IMF


PTI, Mar 26, 2021, 9:38 AM IST

New Delhi: India’s economy is on the path of gradual recovery, the International Monetary Fund has said ahead of its next month’s spring meeting with the World Bank.

“India’s economy is on the path of gradual recovery, real GDP growth, return to positive territory in fourth quarter of 2020. And that’s for the first time actually since the start of the pandemic and it’s supported by a pickup in gross, fixed capital formation,” IMF’s spokesperson Gerry Rice told reporters at a news conference here on Thursday.

“Beyond that, I can say that high-frequency indicators including PMIs trade and mobility suggests a continued recovery in the first quarter of this year, ’21; however, the recent emergence of the variants and localised lockdowns could pose risks to a sustained recovery,” Rice said.

The IMF is scheduled to release its World Economic Outlook on April 6.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

BJP accuses Kejriwal of deception over ‘Sanjeevani’ and ‘Mahila Samman’ schemes

Theatre stampede case: Police grill actor Allu Arjun for over 3 hrs; ask about sequence of events

Karnataka CM Siddaramaiah wishes Shivarajkumar speedy recovery

HC asks Centre’s response on plea of Yuvraj Singh’s NGO seeking FCRA renewal

Rafi a musical genius, his cultural influence transcends generations: PM Modi

Kalaburagi: GESCOM officials booked after woman injured by live wire

Derogatory comments row: K’taka Minister Hebbalkar dares BJP’s Ravi to take oath before god

Related Articles More

Rewind 2024: Mutual fund industry on a high; asset surges Rs 17 lakh crore this year

Epigamia founder Rohan Mirchandani dies of cardiac arrest at age 42

Lohia Auto launches EV brand ‘Youdha’, aims to sell 3 lakh vehicles by 2027

“FM ji FM ji, itna tax main kaise bharun”, asks investor Vijay Kedia in viral post

RBI: After another status quo year, all eyes on a growth-propping rate cut with new Guv at helm

MUST WATCH

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!

Areca Nut

HOTEL SRI DURGA BHAVANA

Harish Poonja


Latest Additions

BJP accuses Kejriwal of deception over ‘Sanjeevani’ and ‘Mahila Samman’ schemes

Theatre stampede case: Police grill actor Allu Arjun for over 3 hrs; ask about sequence of events

Karnataka CM Siddaramaiah wishes Shivarajkumar speedy recovery

HC asks Centre’s response on plea of Yuvraj Singh’s NGO seeking FCRA renewal

Rafi a musical genius, his cultural influence transcends generations: PM Modi

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.