The International Monetary Fund Deputy Chief Economist, Petya Koeva Brooks, in an interview to PTI on Friday also made a strong case for an additional economic stimulus to address the impact of the pandemic on the country's economy

Dr Gill has replaced M. Ahyan Kose and his appointment will be effective from June 1, 2021

Ahead of the annual spring meeting of the International Monetary Fund (IMF) and the World Bank, IMF Chief Economist Gita Gopinath acknowledged there is evidence of normalisation of economic activities in India. The change in the 2021 forecast for India is minuscule compared to earlier projections, the IMF chief economist said. Earlier this week, the IMF raised its growth forecast for India to 12.5 per cent for 2021-22 in its latest edition of the World Economic Outlook. However, the Washington-based global lender pegged India's GDP growth at 6.9 per cent for FY23 and noted that India is the only Asian country expected to register double-digit growth in the current fiscal. Watch the video for more.Also Read: IT skills in top demand! Jobs aplenty for professionals with these expertise

The change in the 2021 forecast for India is minuscule compared to earlier projections, IMF chief economist Gita Gopinath said

The Washington-based global lender, in its latest South Asia Economic Focus report released ahead of the annual Spring meeting of the World Bank and the International Monetary Fund (IMF), said that the economy was already slowing when the COVID-19 pandemic unfolded

India's economy is on the path of gradual recovery, real GDP growth, return to positive territory in fourth quarter of 2020, IMF's spokesperson Gerry Rice said

The 400 m (430 yard) Ever Given, almost as long as the Empire State Building is high, is blocking transit in both directions through one of the world's busiest shipping channels for oil and grain and other trade linking Asia and Europe

The ratings agency, in its latest Global Economic Outlook (GEO), anticipates the level of the country's GDP to remain well below its pre-pandemic forecast trajectory

India pulled ahead as Russian holdings declined at a faster rate in recent weeks as the Reserve Bank of India (RBI) continues to hoard dollars to cushion the economy against any sudden outflows

Mishra has held various positions at the World Bank, including co-director of the World Development Report 2016 (Digital Dividends), Country Economist for Ethiopia, Pakistan, Sudan and Vietnam

The world's third-largest economy grew an annualised 12.7% in October-December, government data showed on Monday, exceeding a median market forecast for a 9.5% gain

After a pandemic-led 2020, confidence in this year's recovery has soared with the growth outlook upgraded in the Feb. 8-11 poll of nearly 120 economists, driven by the proposed $1.9 trillion fiscal stimulus package

Economists, CEOs, consultants, sector specialists interpret Nirmala Sitharaman's 'Never-before' Budget

India Stock Market News Updates Today: Sensex scaled record high of 51,073.27 while the Nifty hit record high of 15,014.65 level in early trade. SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack

Sensex, Nifty Highlights on Budget day, February 1: Almost all the sectors closed in green territory today, rising in the range of 3-6%, except for pharma index

Gopinath says government should carry on cash support to poor people in this financial year as well. She says Centre should focus on expanding employment guarantee scheme MGNREGA

Bhushan is likely to be replaced by RS Sharma, former chairman of the Telecom Regulatory Authority of India (Trai).

Gopinath says India's strict lockdown had an impact on the economy, including a very large contraction in first quarter of fiscal year

The government gives guaranteed return to private companies in its business dealings and considers their profit-motive good and desirable. Why the same doesn't hold true for farmers?

Equity markets are entering the New Year with hope. Here's what lies ahead