WASHINGTON, Dec 24 — India's government must take steps quickly to reverse the economic slowdown of an economy that has been one of the engines of global growth, the International Monetary Fund said yesterday. Declining consumption and investment, and falling tax revenue, have combined with other...
IMF chief economist Gita Gopinath speaks in her office during the Spring Meetings of the World Bank Group and IMF in Washington April 11, 2019. — Reuters pic
After lifting millions out of poverty “India is now in the midst of a significant economic slowdown,”" Ranil Salgado, of the IMF Asia and Pacific Department, told reporters. IMF chief economist Gita Gopinath last week said India's slowdown had “surprised to the downside,” and said the fund is set to significantly downgrade its growth estimates for the Indian economy in the World Economic Outlook which will be released next month.
The Reserve Bank of India cut the key lending rate five times this year to a nine-year low, but at its last meeting earlier this month defied expectations by keeping policy unchanged.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Modi to address rally in Delhi as protests rage in India over new law | Malay MailNEW DELHI, Dec 22 — Following days of violent, sometimes deadly protests across India against a new citizenship law critics say discriminates against Muslims, Prime Minister Narendra Modi will lead a rally later today for his Hindu nationalist party in the capital. New Delhi’s state election...
Read more »
IMF calls for ‘urgent’ action by India amid slowdown | The Malaysian InsightThe international body says India's economy is a key driver of the global economy and its slowdown must be halted.
Read more »
Protesting Indian Muslims wave national flag to show they are not anti-IndiaNEW DELHI/BENGALURU: Indian Muslims protesting against a citizenship law which they say is discriminatory are carrying national flags and copies of the constitution, aiming to prevent supporters of the Hindu nationalist government from painting them as anti-India.
Read more »
India bids to bust citizenship law ‘myths’ with cartoon Muslims | The Malaysian InsightShort video clip shows two bearded men in traditional Muslim clothing discussing the legislation.
Read more »
India needs to show restraintNSTletters: More than 1,500 protesters have been arrested in India in the last 10 days, while 4,000 people had been detained and released.
Read more »
India summons Malaysia’s top diplomat in New DelhiPETALING JAYA: India’s Ministry of External Affairs has summoned Malaysia’s acting head of mission in New Delhi to convey its displeasure over remarks by Tun Dr Mahathir Mohamad about the Citizenship Amendment Act.
Read more »