The International Monetary Fund Wednesday said that it supports India's proactive decision of an imposing a nationwide lockdown in its fight against coronavirus. A day earlier, the IMF in its World Economic Outlook had forecast India's growth rate to be 1.9 per cent in 2020. "India entered the pandemic turmoil in the midst of a credit crunch-induced slowdown and its recovery prospect becomes more uncertain," Chang Yong Rhee, the Director of the IMF's Asia and Pacific Department, told reporters during a news conference here.
from IndiaTV India: Google News Feed https://ift.tt/2Ve1uKV