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India only major economy to see double-digit growth in 2021: International Monetary Fund

Tribune News Service New Delhi, January 27 The International Monetary Fund (IMF) says India will be the only major economy of the world to register a double-digit growth in 2021 even as it asked the government for a social security net to give a humane face to the farm laws. The IMF’s projection of 11.5 per cent growth rate in 2021 in its latest World Economic Outlook Update showed a strong rebound in the economy, which may have contracted by eight per cent in 2020. Gita Gopinath, IMF Chief Economist ‘Protect those who can be impacted’ Farm laws have the potential to represent a significant step forward for agricultural reforms in India. But the govt must properly protect those who can be impacted during the transition to this new system.

New delhiKristalina georgievaGita gopinathInternational monetary fundTribune news serviceTribune newsWorld economic outlook updateEconomist gitaGerry riceDirector kristalina georgievaபுதியது டெல்ஹிகீதை கோபினத்சர்வதேச பண நிதிட்ரிப்யூன் செய்தி சேவைட்ரிப்யூன் செய்திஉலகம் பொருளாதார ஔட்‌லுக் புதுப்பிப்பு

Market drops in early trade

Key benchmark indices are trading lower in early trade as trading resumed after a local holiday. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 184.42 points or 0.38% at 48,163.17. The Nifty 50 index was down 59.85 points or 0.42% at 14,179.05. Asian stocks are trading mixed. The S&P BSE Mid-Cap index was off 0.66%. The S&P BSE Small-Cap index was down 0.61%. The market breadth, indicating the overall health of the market, is weak. On the BSE, 695 shares rose and 1183 shares fell. A total of 95 shares were unchanged. World Economic Outlook: In its latest World Economic Outlook published Tuesday, the IMF now expects the global economy to grow 5.5% this year. That s a 0.3 percentage point increase from October s forecasts. Much now depends on the outcome of this race between a mutating virus and vaccines to end the pandemic, and on the ability of policies to provide effective support until that happens, IMF said.

United statesSouth africaJanet yellenSharda cropchemAstec lifesciencesJoe bidenInternational monetary fundLife sciencesEconomic outlookFederal reserveReliance industriesWorld economic outlookWorld economic outlook updateFormer fed chair janet yellenCapital marketBse sensex

India Set To Regain Fastest Growing Economy Tag, Will Have A 11 5% GDP Growth, Projects IMF

India Set To Regain Fastest Growing Economy Tag, Will Have A 11 5% GDP Growth, Projects IMF
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Kristalina georgievaCharan singhInternational monetary fundFile photoWorld economic outlook updateDirector kristalina georgievaMoratorium on all term loanசரண் சிங்சர்வதேச பண நிதிகோப்பு புகைப்படம்உலகம் பொருளாதார ஔட்‌லுக் புதுப்பிப்பு

Sensex tanks 938 pts, Nifty ends below 14,000 mark on broader selloff

Domestic shares tumbled sharply on Wednesday on across the board selling pressure. Barring the Nifty FMCG index, all the sectoral indices on the NSE declined. Banks and financial shares tumbled. The barometer index, the S&P BSE Sensex, tumbled 937.66 points or 1.94% to 47,409.93. The Nifty 50 index lost 271.40 points or 1.91% to 13,967.50. HDFC Bank (down 3.60%), HDFC (down 3.33%), Reliance Industries (down 2.29%) and ICICI Bank (down 2.94%) were major drags. In the broader market, the BSE Mid-Cap index fell 1.38% and the BSE Small-Cap index slipped 0.52%. Sellers outnumbered buyers. On the BSE, 1066 shares rose and 1847 shares fell. A total of 151 shares were unchanged. Investor sentiment was dented after the new coronavirus variant resulted in fresh lockdowns and other restrictions on movement in certain counties across the globe. Domestic shares were also under pressure ahead of monthly derivatives expiry on Thursday and the upcoming Union Budget.

India generalUnited statesSouth africaAndhra pradeshJerome powellJanet yellenLarsen toubroDow jonesJoe bidenUnion health ministryInternational monetary fundMarket committeeMinistry of healthUnion budgetFederal reserveKerala infrastructure investment fund board

Market may open higher

Read more about Market may open higher on Business Standard. SGX Nifty:

United statesSouth africaJanet yellenJoe bidenInternational monetary fundEconomic outlookFederal reserveReliance industriesWorld economic outlook updateWorld economic outlookFormer fed chair janet yellenCapital marketStock market crashesBse sensexNifty 50United nations

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