India Took ‘Very Decisive’ Steps to Deal With Coronavirus: IMF Chief

When I called on everybody to stay tuned for January 26, that applies very much to India. You would see a picture in our update that is less bad. Why? Because the country actually has taken very decisive action, very decisive steps to deal with the pandemic and to deal with the economic consequences of it, Georgieva said. Also Read - PM Modi to Launch India's Vaccination Drive on Jan 16 | This is What Centre Has Planned

The International Monetary Fund is scheduled to release its World Economic Update on January 26.

Talking about India, she said it was a very dramatic lockdown for a country of this size of the population with people clustered so closely together.

“Then India moved to more targeted restrictions and lockdowns. What we see is that that transition, combined with policy support, seems to have worked well. Why? Because if you look at mobility indicators, we are almost where we were before COVID in India, meaning that economic activities have been revitalised quite significantly, she said.