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Indian economy to contract by 10.3% in 2020; may show 8.8% growth in 2021: IMF

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New Delhi, 13 Oct. : The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 percent this year, the International Monetary Fund said on Tuesday.

However, India is likely to bounce back with an impressive 8.8 percent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, surpassing China’s projected growth rate of 8.2 percent, the IMF said in its latest ‘World Economic Outlook’ report.

Released ahead of the annual meetings of the IMF and the World Bank, the report said global growth would contract by 4.4 percent this year and bounce back to 5.2 percent in 2021.

America’s economy is projected to contract by 5.8 percent in 2020 and grow by 3.9 percent the next year, the IMF said.

India

Jammu and Kashmir DDC Phase I: Brisk polling witnessed

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Srinagar, 28 Nov : The District Development Council (DDC) polls, the first since the erstwhile state was bifurcated into two union territories last year, recorded around 40 per cent polling in six hours in the first phase on Saturday. The final figures are still awaited.

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Singhu, Tikri borders still shut, farmers reluctant to go to Burari

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New Delhi, 28 Nov : Traffic movement on both sides at Singhu and Tikri continued to be disrupted for the second day on Saturday as farmers planning to hold protest in Delhi rallied at these interstate borders and were reluctant to move to Burari where they were allowed to move in.

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Farmers refuse to leave Sindhu border as agitation ‘could weaken’

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New Delhi, 27 Nov : Even as the Delhi Police on Friday allowed farmers from Punjab, Haryana and elsewhere to hold a peaceful protest against the controversial Agriculture Bills at the Sant Nirankari ground in the capital’s Burari area, the farmers refused to leave Delhi-Haryana Sindhu border fearing that their protest would be “weakened”.

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