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Last Updated:December 26, 2025, 01:55 IST Critics and sources close to the deal told News18 that the IMF pressure served as a convenient shield for the transaction While the winning consortium, led by Arif Habib Corporation, has committed to an additional investment of PKR 80 billion over five years, the immediate financial relief for the…
Washington: The International Monetary Fund (IMF) on Thursday said that India’s economic fundamentals remain “pretty strong” with lower inflation and “well-managed” fiscal deficit. “India continues to be the fastest-growing major, major economy. We have India going at 6.6% this year. If you look at India’s fundamentals…pretty strong. Growth is good…Inflation is coming down. Fiscal deficit…well-managed….
The International Monetary Fund has raised India’s growth projection to 6.6 per cent, an upward trend of 0.2 percentage points, in its latest Global Economic Outlook report. The IMF, in its report released in Washington on Tuesday, said that India’s strong growth in the first quarter of 2025 is “offsetting” the US tariff increase on…
New Delhi: The International Monetary Fund (IMF) on Tuesday raised India’s GDP growth forecast to 6.6 per cent for 2025-26 from 6.4 per cent earlier despite the punitive tariffs slapped by the US on the country’s exports. The upward revision was on “carryover from a strong first quarter, more than offsetting the increase in the…
New Delhi: IMF Executive Director India: Former RBI Governor and economist Urjit Patel has been appointed the IMF Executive Director for a period of three years. Patel has succeeded Krishnamurthy Subramanian. “The Appointments Committee of the Cabinet has approved the appointment of Dr. Urjit Patel, Economist and Former RBI Governor, to the post of Executive…
New Delhi: India’s foreign exchange reserves increased by $2.7 billion to reach $698.19 billion for the week ending July 25, according to data released by the Reserve Bank of India (RBI) on Friday. The rise was led by higher foreign currency assets, which went up by $1.31 billion to $588.93 billion. These assets, expressed in…
Mumbai: India’s foreign exchange reserves fell by USD 3.06 billion to USD 696.67 billion for the week ending July 11, marking the second consecutive week of decline, according to official data released by the Reserve Bank of India (RBI). In the previous reporting week ending July 4, the country’s forex reserves had slipped by USD…
New Delhi: Thanks to the massive adoption of unified payments interface (UPI) based digital transactions, India now makes faster payments than any other country in the world, an International Monetary Fund (IMF) note has emphasised. Since its launch in 2016, UPI has grown quickly, while some proxies for cash usage have begun to decline. UPI…
KUWAIT CITY: All India Majlis-e-Ittehadul Muslimeen (AIMIM) MP Asaduddin Owaisi, who is part of the all-party delegation led by BJP MP Baijayant Panda, has strongly called for Pakistan to be brought back to the Financial Action Task Force (FATF) grey list. Owaisi has strongly advocated for Pakistan’s re-inclusion on the FATF grey list, and said…
Indian Economy News: Chief Executive Officer (CEO) of NITI Aayog, BVR Subrahmanyam said on Saturday that India has left behind Japan and has become the fourth largest economy in the world. Subrahmanyam told the media after the 10th meeting of the NITI Aayog Governing Council that overall global and economic environment is favorable to India….