ShutterstockStrongly supporting India's policy response to the coronavirus pandemic, including the fiscal stimulus package and the nationwide lockdown, a top IMF official has said that the unprecedented crisis has highlighted the need to increase investment in the healthcare sector in the country. The pandemic has highlighted the need to increase investment in the health care sector. The economic impact of Covid-19 and related policy measures are expected to be substantial, but a recovery should take hold once the virus has been contained, he said. Furthermore, the already-stressed financial sector could face further funding and asset quality pressures from a prolonged shock, he added. Furthermore, the already-stressed financial sector could face further funding and asset quality pressures from a prolonged shock, he said.

Source: The Telegraph April 16, 2020 07:30 UTC