Nayagarh,(Baghuabarta): Describing the Indian government’s response to the COVID-19 situation as “swift and substantial”, the International Monetary Fund (IMF) has said the country continued with labour reforms and privatisation despite the pandemic. The IMF in its report based on “consultations” among members, however, sounded a note of caution saying that the economic outlook remains “clouded” due to pandemic-related uncertainties, contributing to both downside and upside risks. In its “Article IV” consultations report, it further said that a persistent negative impact of COVID-19 on investment and other growth drivers could prolong the economic recovery.
IMF Hails India’s ‘Swift And Substantial’ Response To COVID-19 Crisis
