• Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.
No Result
View All Result
  • Login
The Edge Media
Thursday, October 2, 2025
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
No Result
View All Result
The Edge Media
No Result
View All Result
Home Business Edge

IMF has supported India’s decision of national lockdown, in spite of economic slowdown

The Edge Media by The Edge Media
5 years ago
in Business Edge, Main Story, World Edge
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on LinkedInShare via TelegramSend To WhatsApp
IC-BT

The International Monetary Fund (IMF) on Wednesday stated that, it supports India’s proactive decision of a nationwide lockdown in its battle against Covid-19.

Earlier, the IMF in its World Economic Outlook had predicted India’s growth rate to be 1.9 percent in 2020.

“India entered the pandemic turmoil in the midst of a credit crunch-induced slowdown and its recovery prospect becomes more uncertain,” Chang Yong Rhee, the Director of the IMF’s Asia and Pacific Department, told reporters during an address at a news conference.

“Despite the economic slowdown, the government implemented a nationwide lockdown and we support India’s proactive decision,” Rhee said.

On 25 March, India started a 21 days lockdown, which was to end on 14 April. But the lockdown was extended till 3 May due to constant rise in coronavirus cases across the nation with some relaxations.

The implications of the coronavirus on the Asia-Pacific region will be serious, across the board, and unprecedented, he said, adding that Asia’s growth in 2020 will come to a standstill.

Previous Post

COVID-19 cases reaches 12,380, with 414 deaths and 170 districts are zone red

Next Post

India felicitates life-saving drugs to Mauritius and Seychelles

Related News

The Edge Magazine – September 2025

The Edge Magazine – September 2025

by The Edge Media
September 3, 2025
0

What’s Next? SC Revises Stray Dog Order, Directs Sterilisation and Return but Dog Lovers, NGOs Asked to Deposit Costs

What’s Next? SC Revises Stray Dog Order, Directs Sterilisation and Return but Dog Lovers, NGOs Asked to Deposit Costs

by The Edge Media
August 23, 2025
0

The Supreme Court has revised its August 11 order on stray dogs, ruling that sterilised and vaccinated animals be released...

Supreme Court Orders Aggressive Sterilisation to Control Stray Dog Population: A Landmark Verdict Ensures Public Safety & Animal Welfare

Supreme Court Orders Aggressive Sterilisation to Control Stray Dog Population: A Landmark Verdict Ensures Public Safety & Animal Welfare

by The Edge Media
August 23, 2025
0

In a landmark verdict, the Supreme Court of India has directed aggressive sterilisation of stray dogs under the ABC Rules,...

“Marriage Is Not for Absolute Freedom” – Supreme Court’s Bold Statement on Relationships

“Marriage Is Not for Absolute Freedom” – Supreme Court’s Bold Statement on Relationships

by The Edge Media
August 23, 2025
0

In a landmark ruling, the Supreme Court stated that marriage requires compromise and responsibility, warning against unrealistic expectations of absolute...

BJP Leader Rekha Gupta Gets Z+ Security Cover Amid Threat Concerns

BJP Leader Rekha Gupta Gets Z+ Security Cover Amid Threat Concerns

by The Edge Media
August 23, 2025
0

BJP leader Rekha Gupta has been granted Z+ category security cover following intelligence warnings of threats, sparking political debate.

India to Launch First-Ever Human Space Mission ‘Gaganyaan’ in December 2025

India to Launch First-Ever Human Space Mission ‘Gaganyaan’ in December 2025

by The Edge Media
August 23, 2025
0

ISRO has announced December 2025 as the launch date for India’s first human spaceflight mission, Gaganyaan, marking a new era...

Discussion about this post

Recommended

Coronavirus Traces Found In Gujarat’s Sabarmati River, 2 Lakes: IIT study.

3rd COVID-19 wave inevitable, could hit India in 6-8 weeks: AIIMS chief.

4 years ago

Full economic recovery unlikely until people are confident to resume normal activities: Fed chairman Jerome Powel

5 years ago

Popular News

  • The Edge Magazine – September 2025

    The Edge Magazine – September 2025

    0 shares
    Share 0 Tweet 0
  • What’s Next? SC Revises Stray Dog Order, Directs Sterilisation and Return but Dog Lovers, NGOs Asked to Deposit Costs

    0 shares
    Share 0 Tweet 0
  • Supreme Court Orders Aggressive Sterilisation to Control Stray Dog Population: A Landmark Verdict Ensures Public Safety & Animal Welfare

    0 shares
    Share 0 Tweet 0
  • “Marriage Is Not for Absolute Freedom” – Supreme Court’s Bold Statement on Relationships

    0 shares
    Share 0 Tweet 0
  • BJP Leader Rekha Gupta Gets Z+ Security Cover Amid Threat Concerns

    0 shares
    Share 0 Tweet 0
  • Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.

© 2024 The Edge Media All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge

© 2024 The Edge Media All Rights Reserved.