In a downside scenario, global growth would slow to just 1.8 per cent this year, it added.
The opinion pages focus on aspects related to all three. Kanika Datta sums up the views here
Soon after assuming office for the second term in May 2019, the Narendra Modi-led government set a target of taking the economy to USD 5 trillion over the next five years
NSO sees investment growth at 0.97%, lowest in 15 years
Former chief statistician Pronab Sen said economic revival depends on what the government does in the Budget
While speaking on the monetary policy-related aspects, Roubini also flagged up the issue of RBI autonomy
This projected recovery could be stronger if recent policy actions - particularly those that have mitigated trade tensions - lead to a sustained reduction in policy uncertainty, said the report
Maintain balance between growth and financial stability
The government should invoke the escape clause under the FRBM Act but stay within the prescribed 0.5 per cent wiggle room allowed in an extraordinary year under the guidelines, said the official
Advance estimates show growth revival remains a daunting task
From Rolls Royce's record sales to lower credit rate for small business, Business Standard brings you the top headlines of the day
With a fresh assessment of the state of the economy, all stakeholders would now look forward to the Union Budget to see how the government plans to revive growth
Titled Ten Surprises for 2020, the report is a list unexpected events that could influence and shape the sociopolitical landscapes worldwide for this year
India, which till recently was hailed as the world's fastest-growing major economy, has seen growth rate decline to a six-year low of 4.5 per cent in the September quarter of 2019-20
IMF also said there were weaknesses in the deflation method used to derive value added. Deflators are used to convert GDP at current prices to constant prices
The IMF has some useful suggestions
It is also likely to assume a deflator of around 4 per cent. That could take the nominal GDP outlook for FY21 to around 10 per cent
India may yet reclaim its mantle as the next big thing, albeit a toned-down and more durable version
In Budget 2020 speech, the FM should state how she intends to return to the 7% track, and the hard decisions she will take to adjust to the realities of a slowing economy, writes T N Ninan
The rating agency sees moderate fiscal slippage, retains sovereign rating and outlook