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The IMF forecast that Britain will have the fastest growing economy in Europe. False. IMF figures show several European countries are projected to have higher GDP growth than the UK in 2025 and 2026.
Surjit Bhalla criticised India’s overall tax burden, pointing to the country’s tax-to-GDP ratio of 19%, which far exceeds the 14.5% average in East Asia.
Deshmukh decided to print the 1955 budget document in both English and Hindi. Deshmukh became the finance minister in 1950 and oversaw the implementation of the first five-year plan. As finance ...
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In August 2021, in response to Covid-19, International Monetary Fund (IMF) made a historic decision to allocate $650b worth of Special Drawing Rights (SDR) to member countries. The rights ...
She also discusses the IMF’s long-term projections, which indicate that India’s economy is poised to grow at a steady 6.5% in FY26 and FY27, aligning with its potential growth trajectory.