- The International Monetary Fund Wednesday announced that it supports India’s proactive decision of a 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.
- This is worse than the annual average growth rates throughout the Global Financial Crisis (4.7 percent) or the Asian Financial Crisis (1.3 percent). Actually, Asia has not experienced zero growth in the last 60 years.
