The slowdown in the Indian economy, the situation will improve rapidly: IMF

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New Delhi, 24 January 2020 Friday

International Monetary Fund President Cristalina Giorgiava said that the economic slowdown in India is a temporary one, and she hopes the Indian economy will improve in the coming years.

Speaking at the World Economic Forum, he said that the world was seen to be in better shape in January 2020 than the World Economic Outlook issued in October 2019.

He said that because of this positive momentum in the world, the ongoing trade war between the United States and China is the sign of the first phase of soft and trade deals.

Apart from this, the change in taxation and other causes is also a cause for positivity, he said, if the global economy's growth rate of 3.3 per cent is not a good sign it can be said.

The managing director of the IMF has shown that the economic downturn is currently underway. We want fiscal policy to be more aggressive. Regarding the developing market, he said that he too was moving.

He said that we are seeing a big economy slowing down in India, but we are confident that this recession is temporary, we hope that the situation will improve.

Along with this, Indonesia and Vietnam are seeing a better situation, he said, adding that some African countries are also doing well.

But the performance of many deities, such as Mexico, is not good.

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