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India on path of becoming one of the world’s fastest growing economies: IMF

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By NewsGram Staff Writer

International Monetary Fund (IMF) in its latest economic health-checkup has declared that India’s growth rate is expected to rise to 7.5 per cent in 2015 and 2016, making it one of the fastest growing economies in the world.

IMF’s Regional Economic Outlook for Asia and the Pacific mentioned that China’s economy is decelerating to a more sustainable rate – 6.8 per cent GDP growth in 2015, and 6.3 per cent in 2016.

The report, which was released on Thursday, also stated that Asia and the Pacific will grow to surpass the rest of the world, and their growth is projected to remain stable at 5.6 per cent in 2015, slackening a little to 5.5 per cent in 2016.

It is also anticipated that growth will be driven by domestic demand, derived by healthy labor markets, low interest rates, and the latest dip in oil prices.

Asia’s exports will be supported by the global recovery, states the report.

The IMF’s Regional Economic Outlook reasons for a firm push for structural modification across most, if not all, economies in the region.

The report declares that chief reform areas include actions to tackle supply-tailbacks in India, state-owned enterprises, and financial liberalization in China.

“Measures should be taken to raise services productivity, and labor force involvement in Japan”, the report says.

IMF also noted that lower oil prices have given a chance to carry out further economic reforms intended to lower energy subsidies. The report said that the actions have been taken in a number of countries, including India, Indonesia and Malaysia.

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Know About the Asymptomatic Coronavirus Cases in China

China Releases Data on Asymptomatic Coronavirus Cases

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Outbreak of the coronavirus disease (COVID-19), in Wuhan
China’s National Health Commission (NHC) announced Wednesday it has more than 1,300 asymptomatic coronavirus cases. Pixabay

China’s National Health Commission (NHC) announced Wednesday it has more than 1,300 asymptomatic coronavirus cases, the first time it has acknowledged cases of people testing positive for the virus but not showing symptoms.

At a news briefing in Beijing, commission spokesman Mi Feng said the 1,367 asymptomatic cases were under quarantine and medical observation.

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The commission had said Tuesday it would begin releasing figures on asymptomatic cases in response to “public concern” about the figures.

Outbreak of the coronavirus disease (COVID-19), in Wuhan
People wearing protective suits are seen in Biandanshan cemetery in Wuhan, Hubei province, the epicenter of China’s coronavirus disease (COVID-19) outbreak. VOA

The French news agency AFP reports there had been mass calls online for the NHC to release the information after it was reported an infected woman in Henan province had been exposed to three asymptomatic cases.

Also Read- Should You Wear Masks? Find it Out Here

While the proportion of people who have contracted the virus but remain asymptomatic is currently unknown, scientists say these “carriers” can still pass COVID-19 onto others who do end up getting sick.

For most people, the new coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks.  But the virus can also lead to more serious symptoms and even death. (VOA)