UPSC Courses

DNA banner


  • 11 October, 2019

  • 3 Min Read

Going down together

GS-III: Going down together.


The world must heed the IMF warning that everyone loses in a trade war. The IMF has some words of advice for global leaders on how to resuscitate the faltering global economy.

Going down together:

  • IMF new Managing Director Kristalina Georgevia singled out India along with Brazil as witnessing a pronounced growth slowdown as global growth experiences a synchronized downswing.
  • The IMF expect growth to slowdown in nearly 90% of the world this year in contrast to two years ago when nearly 75% of the world witnessed accelerated growth.
  • In fact global growth is expected to hit its lowest rate since the beginning of the current decade.
  • In July the IMF cut its FY 2020 growth forecast for the Indian Economy by 30 basis points to 7%.
  • It would not be a surprise if given the further deterioration in growth since then, the IMF cuts its India forecast once again.
  • She made the right noises about how everyone loses in a trade war and how synchronised global policy action can help everyone.
  • What the IMF chief did not get into during her speech however was the failure of even the prolonged period of extremely loose monetary policy to sustain global growth.
  • Even worse this time around as the global economy slows interest rates are near or below zero in much of the developed world and corporations and governments are burdened with unsustainable amounts of debt.


From an Indian point of view what is worth nothing is the IMF chief’s emphasis on the need for structural reforms to boost growth particularly in the emerging market economies. The government at the centre which came to power on the promise of delivering big-bang structural economic reforms will do well to heed such advice.


What is Mission Indradhanush ?

Mission Indradhanush was launched in 2014 under the Ministry of Health and Family Welfare.  1. Between 2009 - 2013, only 1% coverage per year has increased. We have to make it to 5%. 2. Objectives of Mission Indradhanush: We have the aim of full coverage by 2020. Cover all those children who are either unvaccinated or are part

Mediation Bill 2021 - Detailed Overview

A Bill that could alter the Mediation landscape The background behind Mediation Bill:         In General, Disputes Became part and parcel of  Day-to-Day Life. Someone or the Other belonging to family or else not a part of the family would be fighting for something. These Disputes may be for Smaller or B

Military exercises of India

List of all Military Exercises of India 2021 Military Exercises of India with Neighbours Sampriti: India & Bangladesh Mitra Shakti: India & Sri Lanka Surya Kiran: India & Nepal Hand in Hand Exercise: India & China Ekuverin: India & Maldives Military Exercises of India with Other countries Maitree Exer

Consumer Protection Rules, 2021

Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021 1) Pecuniary Jurisdiction The Consumer Protection Act, 2019 The Consumer Protection Act, 2019 promulgates a three-tier quasi-judicial mechanism for redressal of consumer disputes namely district commissions, state

Swachh Bharat Mission (Urban) 2.0

The Swachh Bharat Mission - Urban (SBM-U), launched on 2nd October 2014 aims at making urban India free from open defecation and achieving 100% scientific management of municipal solid waste in 4,041 statutory towns in the country. The objectives of the mission are mentioned below: Elimination of open defecation Eradication of Manual S

Students Achievement

Search By Date

Newsletter Subscription
SMS Alerts