Begin typing your search above and press return to search.
RBI Governor Says India's GDP Growth Is Highest For G-20 Nations
By: Tupaki Desk | 17 April 2020 10:53 AM GMT
Talking about the economy which was badly affected by the COVID-19 outbreak, Reserve Bank of India(RBI) Governor Shaktikanta Das said that if the expectations come true India might witness a turnaround for the 2021-22 financial year.
Shaktikanta Das has quoted the projections of the International Monetary Fund(IMF) which said that the GDP growth of India 1.9 percent is the highest for the G-20 nations.
Mr. Das went on to say that the projects of the International Monetary Fund(IMF) stated that the outbreak of the COVID-19 has pushed the world economy to go through the worst recession period.
"IMF has named it the 'Great Lockdown' and has estimated a loss of $9 trillion to the global economy. This amount is greater than the economies of Japan and Germany combined," Mr. Das maintained.
He added that March month has witnessed a sharp decline in the production and sales of the automobiles along with the demand for electricity in India raising many concerns.
Shaktikanta Das has quoted the projections of the International Monetary Fund(IMF) which said that the GDP growth of India 1.9 percent is the highest for the G-20 nations.
Mr. Das went on to say that the projects of the International Monetary Fund(IMF) stated that the outbreak of the COVID-19 has pushed the world economy to go through the worst recession period.
"IMF has named it the 'Great Lockdown' and has estimated a loss of $9 trillion to the global economy. This amount is greater than the economies of Japan and Germany combined," Mr. Das maintained.
He added that March month has witnessed a sharp decline in the production and sales of the automobiles along with the demand for electricity in India raising many concerns.
