• Latest
  • Trending

India no longer World’s Fastest-Growing Large economy, IMF Says

January 17, 2017
Fuel. Image credits - Wassim Chouak / Unsplash

Ceylon Petroleum Corporation increases fuel prices

February 1, 2023
Sri Lanka

Sri Lanka makes top 10 in ‘Most Instagrammable Places in the World 2023’

February 1, 2023
Exchange Rate

Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

February 1, 2023
Bangladesh

Bangladesh secures loans of $4.7 billion from IMF

February 1, 2023
Maithripala Sirisena

Maithripala Sirisena to contest next Presidential election

February 1, 2023
Electricity

Power cut schedule for today in Sri Lanka: February 1st

February 1, 2023
Sri Lanka opposition leader says future government under him is not obliged to back IMF and other deals

Sri Lanka opposition leader says future government under him is not obliged to back IMF and other deals

February 1, 2023
Child. Image credits - Filip Mroz @mroz / Unsplash

Your child’s academic success may start with their screen time as infants

January 31, 2023
Chief pilot Ian Porter with wife Michelle, daughters Samantha and Sydney, who act as his co-pilots, and son Christopher.. Image credits - Samantha Porter

The family of five flying around the world in a tiny plane

January 31, 2023
Gautam Adani, Photo.Business Standard

Who is India’s Adani and why is his company tanking?

January 31, 2023
Brazen hypocrisy of the Lankan professional elite and the lost promise of a welfare state

Brazen hypocrisy of the Lankan professional elite and the lost promise of a welfare state

January 31, 2023
Tory peer accused of ‘racially charged’ attack on BBC Modi documentary

Tory peer accused of ‘racially charged’ attack on BBC Modi documentary

January 31, 2023
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Thursday, February 2, 2023
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Fuel. Image credits - Wassim Chouak / Unsplash

    Ceylon Petroleum Corporation increases fuel prices

    Sri Lanka

    Sri Lanka makes top 10 in ‘Most Instagrammable Places in the World 2023’

    Exchange Rate

    Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

    Bangladesh

    Bangladesh secures loans of $4.7 billion from IMF

    Maithripala Sirisena

    Maithripala Sirisena to contest next Presidential election

    Electricity

    Power cut schedule for today in Sri Lanka: February 1st

    Sri Lanka opposition leader says future government under him is not obliged to back IMF and other deals

    Sri Lanka opposition leader says future government under him is not obliged to back IMF and other deals

    Gautam Adani, Photo.Business Standard

    Who is India’s Adani and why is his company tanking?

    Brazen hypocrisy of the Lankan professional elite and the lost promise of a welfare state

    Brazen hypocrisy of the Lankan professional elite and the lost promise of a welfare state

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Sri Lanka

    Sri Lanka makes top 10 in ‘Most Instagrammable Places in the World 2023’

    Bangladesh

    Bangladesh secures loans of $4.7 billion from IMF

    Chief pilot Ian Porter with wife Michelle, daughters Samantha and Sydney, who act as his co-pilots, and son Christopher.. Image credits - Samantha Porter

    The family of five flying around the world in a tiny plane

    Tory peer accused of ‘racially charged’ attack on BBC Modi documentary

    Tory peer accused of ‘racially charged’ attack on BBC Modi documentary

    Robert Clive and the taking of India

    Robert Clive and the taking of India

    Gandhi’s influence on Sri Lanka’s non-violent Independence struggle

    Gandhi’s influence on Sri Lanka’s non-violent Independence struggle

    The world is tired Of United States’ wars

    The world is tired Of United States’ wars

    Eggs

    India to export 50 million eggs to Malaysia

    Vaping

    Researchers uncover new negative effects of vaping

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    "Avatar: The Way of Water" has soared into the $2 billion club of top grossing movies worldwide.

    ‘Avatar: The Way of Water’ crosses $2 billion mark in worldwide box office

    Pathaan

    Posters of Shah Rukh Khan’s Pathaan torn down and burnt outside cinemas in India

    Oscars 2023

    Oscars 2023: ‘Everything Everywhere All At Once’ leads nominations

    Much-awaited Sri Lankan 3D animation movie “Gajaman” coming to theatres

    Much-awaited Sri Lankan 3D animation movie “Gajaman” coming to theatres

    Prince William and Prince Harry arrive at the Canadian National Vimy Memorial in Vimy, France on April 9, 2017.. Image credits - Jack Taylor/Getty Images/File

    Prince Harry’s ‘Spare’ creates world record, becomes fastest selling non-fiction book

    Cocaine Bear (Credit: Universal Pictures)

    20 of the best films to watch in 2023

    Avatar

    Avatar: The Way Of Water passes USD 1B at the global box office

    (Image credit: Alamy)

    The 20 best films of 2022

    Harry and Meghan

    ‘Harry & Meghan’ is Netflix’s most watched documentary debut in its first week

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Child. Image credits - Filip Mroz @mroz / Unsplash

    Your child’s academic success may start with their screen time as infants

    Chief pilot Ian Porter with wife Michelle, daughters Samantha and Sydney, who act as his co-pilots, and son Christopher.. Image credits - Samantha Porter

    The family of five flying around the world in a tiny plane

    Vaping

    Researchers uncover new negative effects of vaping

    Paris. Image credits - Alexander Kagan allewollenalex / Unsplash

    World’s ‘most powerful’ tourism city revealed

    Image credits - NASA nasa / Unsplash

    Earth’s inner core may have started spinning other way

    Global citizenship and residence advisory firm Henley & Partners has released its quarterly report on the world's most desirable passports. Click on to find out which passport offers the most access in 2023. Justin Sullivan/Getty Images

    The world’s most powerful passport for 2023 revealed

    Image credits - Tetiana Bykovets tetiana_bykovets / Unsplash

    New research reveals reason why chocolate tastes so good

    NASA’s Webb telescope

    Extraterrestrial wonders: Webb Telescope detects its 1st exoplanet

    Asafoetida plant. Photo via Adobe Stock.

    The most controversial ingredient in Indian food

    Best diet for 2023 is the science-backed Mediterranean style of eating

    Best diet for 2023 is the science-backed Mediterranean style of eating

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Child. Image credits - Filip Mroz @mroz / Unsplash

    Your child’s academic success may start with their screen time as infants

    Donald Trump

    Meta says it will restore Donald Trump’s Facebook and Instagram accounts

    WhatsApp

    5 great new features coming to WhatsApp in 2023

    Binance

    Binance is now authorised in seven EU Member States and fifteen jurisdictions worldwide

    Elon Musk

    Elon Musk breaks world record for largest loss of personal fortune in history

    Microsoft

    Microsoft in talks to invest $10 bln in ChatGPT owner – Semafor

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Fuel. Image credits - Wassim Chouak / Unsplash

    Ceylon Petroleum Corporation increases fuel prices

    Sri Lanka

    Sri Lanka makes top 10 in ‘Most Instagrammable Places in the World 2023’

    Exchange Rate

    Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

    Bangladesh

    Bangladesh secures loans of $4.7 billion from IMF

    Maithripala Sirisena

    Maithripala Sirisena to contest next Presidential election

    Electricity

    Power cut schedule for today in Sri Lanka: February 1st

    Sri Lanka opposition leader says future government under him is not obliged to back IMF and other deals

    Sri Lanka opposition leader says future government under him is not obliged to back IMF and other deals

    Gautam Adani, Photo.Business Standard

    Who is India’s Adani and why is his company tanking?

    Brazen hypocrisy of the Lankan professional elite and the lost promise of a welfare state

    Brazen hypocrisy of the Lankan professional elite and the lost promise of a welfare state

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Sri Lanka

    Sri Lanka makes top 10 in ‘Most Instagrammable Places in the World 2023’

    Bangladesh

    Bangladesh secures loans of $4.7 billion from IMF

    Chief pilot Ian Porter with wife Michelle, daughters Samantha and Sydney, who act as his co-pilots, and son Christopher.. Image credits - Samantha Porter

    The family of five flying around the world in a tiny plane

    Tory peer accused of ‘racially charged’ attack on BBC Modi documentary

    Tory peer accused of ‘racially charged’ attack on BBC Modi documentary

    Robert Clive and the taking of India

    Robert Clive and the taking of India

    Gandhi’s influence on Sri Lanka’s non-violent Independence struggle

    Gandhi’s influence on Sri Lanka’s non-violent Independence struggle

    The world is tired Of United States’ wars

    The world is tired Of United States’ wars

    Eggs

    India to export 50 million eggs to Malaysia

    Vaping

    Researchers uncover new negative effects of vaping

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    "Avatar: The Way of Water" has soared into the $2 billion club of top grossing movies worldwide.

    ‘Avatar: The Way of Water’ crosses $2 billion mark in worldwide box office

    Pathaan

    Posters of Shah Rukh Khan’s Pathaan torn down and burnt outside cinemas in India

    Oscars 2023

    Oscars 2023: ‘Everything Everywhere All At Once’ leads nominations

    Much-awaited Sri Lankan 3D animation movie “Gajaman” coming to theatres

    Much-awaited Sri Lankan 3D animation movie “Gajaman” coming to theatres

    Prince William and Prince Harry arrive at the Canadian National Vimy Memorial in Vimy, France on April 9, 2017.. Image credits - Jack Taylor/Getty Images/File

    Prince Harry’s ‘Spare’ creates world record, becomes fastest selling non-fiction book

    Cocaine Bear (Credit: Universal Pictures)

    20 of the best films to watch in 2023

    Avatar

    Avatar: The Way Of Water passes USD 1B at the global box office

    (Image credit: Alamy)

    The 20 best films of 2022

    Harry and Meghan

    ‘Harry & Meghan’ is Netflix’s most watched documentary debut in its first week

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Child. Image credits - Filip Mroz @mroz / Unsplash

    Your child’s academic success may start with their screen time as infants

    Chief pilot Ian Porter with wife Michelle, daughters Samantha and Sydney, who act as his co-pilots, and son Christopher.. Image credits - Samantha Porter

    The family of five flying around the world in a tiny plane

    Vaping

    Researchers uncover new negative effects of vaping

    Paris. Image credits - Alexander Kagan allewollenalex / Unsplash

    World’s ‘most powerful’ tourism city revealed

    Image credits - NASA nasa / Unsplash

    Earth’s inner core may have started spinning other way

    Global citizenship and residence advisory firm Henley & Partners has released its quarterly report on the world's most desirable passports. Click on to find out which passport offers the most access in 2023. Justin Sullivan/Getty Images

    The world’s most powerful passport for 2023 revealed

    Image credits - Tetiana Bykovets tetiana_bykovets / Unsplash

    New research reveals reason why chocolate tastes so good

    NASA’s Webb telescope

    Extraterrestrial wonders: Webb Telescope detects its 1st exoplanet

    Asafoetida plant. Photo via Adobe Stock.

    The most controversial ingredient in Indian food

    Best diet for 2023 is the science-backed Mediterranean style of eating

    Best diet for 2023 is the science-backed Mediterranean style of eating

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Child. Image credits - Filip Mroz @mroz / Unsplash

    Your child’s academic success may start with their screen time as infants

    Donald Trump

    Meta says it will restore Donald Trump’s Facebook and Instagram accounts

    WhatsApp

    5 great new features coming to WhatsApp in 2023

    Binance

    Binance is now authorised in seven EU Member States and fifteen jurisdictions worldwide

    Elon Musk

    Elon Musk breaks world record for largest loss of personal fortune in history

    Microsoft

    Microsoft in talks to invest $10 bln in ChatGPT owner – Semafor

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Around South Asia India

India no longer World’s Fastest-Growing Large economy, IMF Says

Editor by Editor
January 17, 2017
in India, Top Story
Reading Time: 2 mins read
2 0
A A
Share on WhatsApp

New Delhi, Jan 17 – Canceling nearly 90% of cash in circulation cost India the mantle of world’s fastest-growing large economy in 2016, the International Monetary Fund said, though it categorized the slowdown as temporary.

India’s growth slowed to 6.6% last year from 7.6% in 2015, according to the fund’s latest World Economic Outlook, which estimates that China’s economy grew by 6.7% in 2016. The fund expects India’s expansion to bounce back to 7.2% this year and accelerate to 7.7% in 2018. China, meanwhile, is projected to continue decelerating, to 6.5% in 2017 and 6.0% the year after, the Wall Street Journal reported.

The IMF said it trimmed its 2016 forecast for India by one percentage point “primarily” because consumers tightened their purse-strings after November’s currency invalidation.

ADVERTISEMENT

The fund’s sister institution, the World Bank, doesn’t think that was enough for India to lose the global growth crown, however. In the latest update to its global forecasts, released last week, the bank lowered its estimate of India’s 2016 growth to 7.0%—down from its earlier prediction of 7.6% but still ahead of China’s 6.7% growth.

None of these comparisons is exact. The IMF and World Bank both follow India’s practice of presenting output growth for the fiscal year, which ends March 31. China’s numbers—as with those of nearly every other large economy—are for the calendar year.

Still, the downgrades reflect deep uncertainty about India’s economic health since Nov. 8, when Prime Minister Narendra Modi stunned the country—and the world—by declaring all of the country’s high-denomination bank notes null and void for transactions. The move, aimed at flushing out stacks of cash amassed by businessmen and crooked bureaucrats, has driven families to cut back on spending, companies to let go of workers and investors to put projects on hold.

Earlier this month, India’s Central Statistics Office said it expected growth for the financial year to come in at 7.1%. But that projection was calculated using economic data only through last October, before the currency move was announced. More-recent data weren’t—and in some cases, still aren’t—available to statisticians.

(Pic By REUTERS/Rupak De Chowdhuri/Files)

Related Posts

Sri Lanka opposition leader says future government under him is not obliged to back IMF and other deals
Around The World

Sri Lanka opposition leader says future government under him is not obliged to back IMF and other deals

February 1, 2023
Gautam Adani, Photo.Business Standard
Around South Asia

Who is India’s Adani and why is his company tanking?

January 31, 2023
Tory peer accused of ‘racially charged’ attack on BBC Modi documentary
Diplomacy

Tory peer accused of ‘racially charged’ attack on BBC Modi documentary

January 31, 2023
Robert Clive and the taking of India
India

Robert Clive and the taking of India

January 31, 2023
Gandhi’s influence on Sri Lanka’s non-violent Independence struggle
India

Gandhi’s influence on Sri Lanka’s non-violent Independence struggle

January 30, 2023
The Mughals gave India the concept of a “pleasure garden” 
Culture

The Mughals gave India the concept of a “pleasure garden” 

January 31, 2023
  • Electricity

    Power cut schedule for today in Sri Lanka: February 1st

    58374 shares
    Share 23368 Tweet 14586
  • Registration open for National Fuel Pass

    6625 shares
    Share 2687 Tweet 1641
  • Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

    1673 shares
    Share 676 Tweet 416
  • WATCH : Yohani’s first live performance in India

    789 shares
    Share 328 Tweet 192
  • Power interruption schedule released: Check your area power cut time

    747 shares
    Share 325 Tweet 176
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

eskisehir escort -

https://www.vudols.com/

- Sağlık Personeli - mersin escort - Antalya korsan taksi