Gita Gopinath urges India to cut tariffs, focus on reforms for economic growth
Jan 21, 2025, at 08:06 pm
Davos: International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath has urged India to consider lowering its tariffs, not only in response to the tariff threats posed by US President Donald Trump but also to reap long-term economic benefits.
IMF retains India’s FY26-27 growth forecast at 6.5%, highlights global risks and opportunities
Jan 17, 2025, at 09:58 pm
New Delhi: The International Monetary Fund (IMF) maintained its growth forecast for India on Friday at 6.5% for FY26 and FY27, stating that this projection aligns with the country's potential.
India leads global growth with robust investment and consumption: IMF Report
Nov 02, 2024, at 03:18 am
New Delhi: India continues to lead as the world’s fastest-growing economy, driven by strong investment and private consumption, according to the International Monetary Fund's (IMF) Asia-Pacific Regional Economic Outlook released on Friday.
IMF highlights significant manufacturing shift towards India and China
Oct 24, 2024, at 08:09 pm
New Delhi/IBNS: The International Monetary Fund (IMF), in its latest "World Economic Outlook" report, has highlighted a notable shift in global manufacturing towards emerging markets like India and China, as advanced economies face declining competitiveness.
IMF keeps India's FY25 growth forecast unchanged at 7%
Oct 23, 2024, at 02:26 am
New Delhi: The International Monetary Fund (IMF) has maintained India's GDP growth forecast for FY25 at 7 percent, according to its latest World Economic Outlook released on October 22.
'Rationalise and simplify': IMF's Gita Gopinath gives tips to increase GST revenue
Aug 18, 2024, at 07:13 am
New Delhi: Emphasising that structural reforms should be continuous, Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath said that India should continue to rationalise and simplify its Goods and Services Tax (GST) system to boost revenue, media reports said.
IMF raises India's FY25 GDP growth forecast to 7%
Jul 17, 2024, at 05:01 am
New Delhi: Amid rising private consumption, particularly in rural areas, the International Monetary Fund (IMF) on Tuesday in its economic outlook projected India's growth at 7 percent for 2024-25, up from 6.8 percent.
IMF revises China's 2024 growth forecast to 5%, predicts slowdown to 3.3% by 2029
May 30, 2024, at 05:03 am
Beijing: The IMF on Wednesday revised its projection for China's economic growth to 5 percent in 2024, up from its previous estimate of 4.6 percent, media reports said.
Debt-ridden Pakistan readies to privatise all state-run companies, except strategic ones: Reports
May 15, 2024, at 04:54 am
Islamabad: Debt-ridden Pakistan has decided to privatise all state-run enterprises, except strategic ones, broadening its earlier decision to offload stakes only in loss-making companies, media reports said.
IMF Chief says AI impact on labour forces to be like 'tsunami': Report
May 14, 2024, at 10:43 pm
Zurich (Switzerland): Artificial intelligence (AI) is geared up to change the global labour market in a significant manner, comparable to a “tsunami”, said International Monetary Fund Managing Director Kristalina Georgieva, media reported.
IMF revises India's FY25 GDP growth by 30 bps to 6.8% on buoyant domestic demand
May 01, 2024, at 04:52 am
New Delhi: The International Monetary Fund (IMF) revised India's GDP growth projection for 2024-25 upward by 30 basis points to 6.8% in its update to the World Economic Outlook (WEO) on the back of buoyant domestic demand in the country.
India to remain driver for global growth in the foreseeable future, says IMF Executive Director
Apr 18, 2024, at 04:13 pm
IMF Executive Director has said India will remain a driver for global growth in the foreseeable future.
IMF raises India's FY25 GDP growth forecast by 30 bps to 6.8%
Apr 17, 2024, at 04:54 am
New Delhi: The International Monetary Fund (IMF) increased its forecast for India's GDP growth in 2024-25 by 30 basis points to 6.8%, it said in an update to the World Economic Outlook (WEO).
Ahead of Budget, IMF raises India's GDP growth forecast to 6.5%
Jan 31, 2024, at 04:16 am
New Delhi: The International Monetary Fund (IMF) has increased its GDP growth prediction for India in the 2024-25 fiscal year by 20 basis points to 6.5 percent.
On IMF's warning on debt, Centre says India's borrowings still below 2002 level
Dec 23, 2023, at 07:04 am
New Delhi: In response to the International Monetary Fund's (IMF) warning about alleged government debt vulnerabilities in India, the Central government stated on Friday that certain assumptions have been made which do not accurately represent the actual situation.
India likely to achieve fiscal deficit target despite high expenses: IMF
Oct 20, 2023, at 08:01 am
New Delhi: The International Monetary Fund (IMF) stated on Thursday that India has the capacity to incorporate additional spending on subsidies and rural employment initiatives without surpassing the current fiscal deficit target of 5.9% set for this financial year.
Apr 29, 2023, at 02:26 am
Washington/New Delhi: India is expected to be the world's fastest-growing economy, despite facing significant challenges like financial sector turbulence, inflationary pressures, the impact of the Russia-Ukraine conflict, and the continued effects of the Covid-19 pandemic in the last three years, according to the International Monetary Fund's World Economic Outlook report.
FM Nirmala Sitharaman and Geeta Gopinath meet at IMF-World Bank spring meetings in US
Apr 13, 2023, at 04:31 am
Washington: Union Finance Minister Nirmala Sitharaman met with Gita Gopinath, the first deputy Managing Director of the International Monetary Fund (IMF), on Wednesday at the IMF-World Bank spring meetings.
IMF cuts India's FY24 growth rate to 5.9 pc
Apr 12, 2023, at 06:25 am
The International Monetary Fund (IMF) has reduced its GDP growth estimate for India for the financial year 2023-24 by 20 basis points to 5.9 percent.
FM Sitharaman holds roundtable with investors, biz leaders during US visit
Apr 12, 2023, at 01:55 am
Washington: Finance Minister Nirmala Sitharaman on Monday attended a roundtable meeting with business leaders and investors, co-hosted the by Confederation of Indian Industry (CII) and US-India Business Council in the US Chamber, in Washington, DC.
FM Sitharaman to visit US to attend Spring Annual Meetings of the IMF-World Bank
Apr 09, 2023, at 02:01 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman will start an official visit to the USA on April 10, 2023, an official statement said on Saturday.
Pakistan govt hikes fuel prices to historic high
Feb 17, 2023, at 06:28 am
Islamabad: Pakistan on Thursday raised the fuel prices to a historic high in a bid to meet the conditions set by the International Monetary Fund (IMF) to release a tranche of a bailout package, media reports said.
Pakistan likely to reel under very high inflation in the H1 of 2023
Feb 16, 2023, at 07:06 pm
There seems to be no respite for Pakistan at least in the near future as the country’s economy is likely to reel under very high inflation for quite some time.
IMF projects India is going to be world's fastest economy in 2023, global growth to drop to 2.9 pct
Jan 31, 2023, at 02:28 pm
New York: The International Monetary Fund (IMF) on Tuesday released its latest projections on world economic growth where India was seen to be growing at the rate of 6.1 per cent in 2023.
Global growth likely to slow to 2.7 pct in 2023: IMF Report
Oct 12, 2022, at 02:04 am
Washington/IBNS/UNI: The global growth is likely to slow to 2.7 per cent in 2023, and there is a 25 per cent probability that the growth could fall below 2 per cent, the International Monetary Fund (IMF) said in a new report on Tuesday.
IMF further slashes India's GDP forecast for 2022 to 7.4 pc
Jul 27, 2022, at 06:24 am
New Delhi: The International Monetary Fund (IMF) on Tuesday reduced India's gross domestic product (GDP) growth forecast to 7.4 percent in 2022 from 8.2 percent projected in April this year.
India's GDP to hit $5 trillion in FY29
May 05, 2022, at 02:10 am
India will become a $5 trillion economy only by 2029, four years later than the target set by Prime Minister Narendra Modi.
IMF lowers India's GDP forecast to 9 pc from 9.5 pc
Jan 26, 2022, at 07:38 am
Washington: The International Monetary Fund (IMF) has lowered India's economic growth forecast to 9 percent for the financial year ending March 31.
IMF chief economist Gita Gopinath bats for global standards for regulating cryptocurrencies
Dec 17, 2021, at 03:40 am
Mumbai/IBNS: A complete ban on cryptocurrency may be difficult to impose and coordinated global action for regulating them would be the right thing to do, the chief economist of the International Monetary Fund (IMF) said Thursday.
Gita Gopinath set to become IMF's first deputy managing director
Dec 03, 2021, at 06:22 pm
Washington/IBNS: In a big promotion, International Monetary Fund (IMF) chief economist Gita Gopinath is set to become the financial institution's first deputy managing director.