fbpx
  • Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.
No Result
View All Result
  • Login
The Edge Media
Sunday, March 26, 2023
  • 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
3 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

PM Modi said in Tokyo that Japan has played an essential role in India's growth

PM Modi said in Tokyo that Japan has played an essential role in India’s growth

by The Edge Media
May 23, 2022
0

Prime Minister Modi met with Japanese business leaders in Tokyo on Monday. India will work for an inclusive and flexible...

Ahead to the Quad Summit, the US announces an unconventional trade agreement

Ahead to the Quad Summit, the US announces an unconventional trade agreement

by The Edge Media
May 23, 2022
0

It is not a “traditional trade deal”, but a “new model of economic arrangement that will set the terms and...

Admission to madrassas is a "rights violation," according to Assam's chief minister

Admission to madrassas is a “rights violation,” according to Assam’s chief minister

by The Edge Media
May 23, 2022
0

Assam chief minister Himanta Biswa Sarma has stated that children will not be allowed to consider careers as doctors or...

Oxfam At Davos: It's Time to Tax The Rich | Covid Made A Billionaire Every 30 Hours

Oxfam At Davos: It’s Time to Tax The Rich | Covid Made A Billionaire Every 30 Hours

by The Edge Media
May 23, 2022
0

As the Davos conference resumes, Oxfam warned that the Covid pandemic has created a new billionaire every 30 hours and...

Petrol, Diesel prices: Mumbai’s fuel prices are decreasing

by The Edge Media
May 23, 2022
0

After Finance Minister Nirmala Sitharaman announced drop-in excise duty on petrol of 8 rupees per litre and diesel of 6...

BKU split: Senior leader splits with Tikait brothers to launch 'apolitical' farmer outfit

BKU split: Senior leader splits with Tikait brothers to launch ‘apolitical’ farmer outfit

by The Edge Media
May 15, 2022
0

On the death anniversary of its founder president Mahendra Singh Tikait on Sunday, schisms within the Bhartiya Kisan Union (BKU)...

Discussion about this post

Recommended

UK Health Minister Matt Hancock’s picture of kissing Aide surfaces on the front page , says “ he is very sorry” .

UK Health Minister Matt Hancock’s picture of kissing Aide surfaces on the front page , says “ he is very sorry” .

2 years ago
PM Narendra Modi arrives in Lucknow and visits the ‘Azadi@75’ conference and expo

PM Narendra Modi arrives in Lucknow and visits the ‘Azadi@75’ conference and expo

1 year ago

Popular News

    • Hindi
    • Heritage Edge
    • Sports Edge
    • Wildlife Edge
    SHARP. BITTER. NEUTRAL.

    © 2021 The Edge Media All Rights Reserved.

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

    © 2021 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