India's economy gradually recovering: IMF
by Nidhi Bhati
International Monetary Fund (IMF) Chief Spokesperson Gerry Rice said that India’s economy, severely affected by the coronavirus pandemic, is gradually recovering. Responding to a question on the IMF’s assessment of India’s economy during the coronavirus pandemic, Rice said that fiscal, monetary and financial sector measures announced to date provided much-needed support to the economy including businesses, agriculture and vulnerable households. IMF Chief is of the view that Indian authorities must prioritise swift implementation of the existing support programs and may need to consider expanding their scope, as warranted.
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