India s Debt To GDP Ratio Increased From 74% To 90% During Covid-19 Pandemic: IMF
Immediate priorities are to continue supporting people and firms, and, in particular, to focus on supporting the most vulnerable.
PTI 08 April 2021 File Photo PTI 2021-04-08T09:16:36+05:30 India s Debt To GDP Ratio Increased From 74% To 90% During Covid-19 Pandemic: IMF outlookindia.com 2021-04-08T09:23:05+05:30
India s debt to GDP ratio increased from 74 per cent to 90 per cent during the Covid-19 pandemic, the International Monetary Fund has said, noting that it expects this to drop down to 80 per cent as a result of the country s economic recovery.
Paolo Mauro, Deputy Director, IMF s Fiscal Affairs Department told reporters at a news conference here on Wednesday, In the case of India, the debt ratio at the end of 2019, prior to the pandemic, was 74 per cent of Gross Domestic Product (GDP), and at the end of 2020, it is almost 90 per cent of
COVID-19 impact: India s debt to GDP ratio rises from 74% to 90%, says IMF
India s debt to GDP ratio increased from 74 percent to 90 percent during the COVID-19 pandemic, the International Monetary Fund has said
PTI | April 8, 2021 | Updated 11:23 IST
India s debt to GDP ratio increased from 74 percent to 90 percent during the COVID-19 pandemic, the International Monetary Fund has said, noting that it expects this to drop down to 80 percent as a result of the country s economic recovery.
Paolo Mauro, Deputy Director, IMF s Fiscal Affairs Department told reporters at a news conference here on Wednesday, In the case of India, the debt ratio at the end of 2019, prior to the pandemic, was 74 percent of Gross Domestic Product (GDP), and at the end of 2020, it is almost 90 percent of GDP. So, that s a very large increase, but it is something that other emerging markets and advanced economies have experienced as well.
International support grows for raising taxes to fund recovery
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published : 8 Apr 2021 at 07:45
7 The IMF favours establishing a global minimum corporate tax, as well as raising taxes on the wealthy to fund pandemic programmes.
WASHINGTON: The IMF and United States on Wednesday gave a boost to the international campaign to raise taxes on wealthy firms that have done well during the pandemic in order to finance recovery efforts.
The renewed support for tax changes comes as G20 finance ministers said they would continue work on a minimum corporate tax aimed at undermining the use of tax havens internationally, with a deal possible by July.
During COVID-19 pandemic, India s debt to GDP ratio increased from 74 pc to 90 pc: IMF This year, India has already announced its budget. It continues to be accommodative. It continues to support health, and it continues to support people. Over the next years, it is quite likely that the deficit will be reduced in part as the economy recovers, said Paolo Mauro, Deputy Director, IMF.
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COVID-19 pandemic, the
International Monetary Fund has said, noting that it expects this to drop down to 80 percent as a result of the country s economic recovery.
Paolo Mauro, Deputy Director, IMF s Fiscal Affairs Department, told reporters at a news conference on Wednesday,