International Monetary Fund, IMF is short is in news and so is its chief economist Dr. Gita Gopinath in context of India’s economic growth prediction and estimate. The IMF lowered India’s economic growth estimate for the current fiscal to 4.8 per cent and itemized the country’s very low GDP numbers as the single biggest drag on its worldwide growth forecast for two years. Earlier, the IMF had pegged India economic growth at 6.1 per cent for 2019. IMF has attributed dent on the Indian economy due to the falloff in rural demand growth and an overall slowing of credit and stress in the non-bank financial sector. Let us understand what IMF is, what are its functions and how credible are its findings.
International Monetary Fund, IMF is short is in news and so is its chief economist Dr. Gita Gopinath in context of India’s economic growth prediction and estimate. The IMF lowered India’s economic growth estimate for the current fiscal to 4.8 per cent and itemized the country’s very low GDP numbers as the single biggest drag on its worldwide growth forecast for two years. Earlier, the IMF had pegged India economic growth at 6.1 per cent for 2019. IMF has attributed dent on the Indian economy due to the falloff in rural demand growth and an overall slowing of credit and stress in the non-bank financial sector. Let us understand what IMF is, what are its functions and how credible are its findings.
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