Coronavirus Outbreak: IMF supports India's 'proactive' decision of nationwide lockdown despite economic slowdown
"India entered the pandemic turmoil in the midst of a credit crunch-induced slowdown and its recovery prospect becomes more uncertain," Chang Yong Rhee, the Director of the IMF's Asia and Pacific Department,
India's lower than expected GDP numbers 'biggest drag' on global growth forecast for two years, says IMF's Gita Gopinath
India-born IMF Chief Economist Gita Gopinath said growth in India slowed sharply owing to stress in the non-bank financial sector and weak rural income growth
IMF calls for 'urgent' action by India to reverse economic slowdown; says govt has limited options to boost spending amid high debt levels
The IMF in October slashed its forecast for 2019 by nearly a full point to 6.1 percent, while cutting the outlook for 2020 to 7.0 percent.
Moody’s lowers India’s outlook to ‘negative’ from ‘stable’: Fundamentals of economy remain robust with inflation under check, says FinMin
As India’s potential growth rate remains unchanged, assessment by IMF and other multilateral organizations continue to underline a positive outlook on India, FinMin said in a statement
What will drive rebound in economic growth, HDFC Bank's stellar Q2 show; all this and more on Moneycontrol Pro
HDFC bank’s Q2 performance reaffirms that while it is not immune to the economic slowdown, it’s definitely well-equipped to tide through this challenging period.
India should keep fiscal deficit in check, economy may pick up at 7% in 2020; revenue projections look optimistic: Gita Gopinath
On the projections in the World Economic Outlook report, Gopinath said appropriate steps have been taken.
The global economy is in a "synchronised slowdown" amidst growing trade barriers and heightened geopolitical tensions, the IMF warned on Tuesday as it downgraded the 2019 growth rate to three percent, the slowest pace since the global financial crisis
The IMF on Tuesday slashed India's GDP growth projection for the year 2019 to 6.1 percent, which is 1.2 percent down from its April projections
IMF cuts India's GDP growth by 30 bps for 2019, 2020; downward revision reflects weaker-than-expected outlook for domestic demand
This is a downward revision of 0.3 percent for both the years as compared to the International Monetary Fund's (IMF) previous projections early this year, it said.
The Economic Survey is an annual document which, reviews the developments in the economy over the previous 12 months.
IMF cuts global growth estimate to 3.3% as world economy loses steam; India continues to show highest growth rate of 7.3%
The broad-based slowdown, most notably in advanced economies, was larger than expected and apparently due to the "souring of market sentiment" partly due to the trade tensions, the IMF said.
India one of world's fastest growing large economies, more reforms needed to sustain high growth: IMF
IMF communications director Gerry Rice on Thursday said that India has of course been one of the world's fastest growing large economies of late, with growth averaging about seven percent over the past five years.
IMF lowers global growth rate projections for 2019 to 3.5% citing slowdown in several advanced economies
Global growth in 2018 is estimated to be 3.7 percent, as it was last fall, but signs of a slowdown in the second half of 2018 have led to downward revisions for several economies, IMF said.
While delivering the second Bhattacharya Lectureship on the Future of India, Rajan acknowledged that India’s growth rate of seven percent is “very, very strong”, but termed it as the new “Hindu rate of growth” and said that it is not enough for "the kind of people coming into the labour market.”
Gita Gopinath to step down as Kerala chief minister's economic adviser; 44-year-old will soon join IMF as chief economist
Eminent academic Gita Gopinath will step down as the economic advisor of the Kerala chief minister Pinaray Vijayan after being appointed as the Director of the International Monetary Fund's Research Department on Monday.
IMF appoints Gita Gopinath its first woman chief economist: All you need to know about advisor to Kerala government
Gita Gopinath is the second Indian and first woman appointed to head the IMF's Research Department, which publishes the fund's flagship publication, the World Economic Outlook.
IMF lowers growth rate for India to 7.3% in 2018, 7.5% in 2019, but it still retains world's top spot
India continues to outperform China, IMF's WEO update figures reflect. Growth in China is projected to moderate from 6.9 percent in 2017 to 6.6 percent in 2018 and 6.4 percent in 2019, as regulatory tightening of the financial sector takes hold and external demand softens, the report said.
India will beat China in 2018 and 2019 with 7.4 percent and 7.8 percent growth respectively, says IMF
India is expected to grow at 7.4 percent in 2018 and 7.8 per cent in 2019, leaving China behind respectively at 6.6 and 6.4 percent in two years, IMF said
Christine Lagarde reiterated IMF's forecast of 7.4 percent growth for India and said it is obviously one of the fastest growing large economies of the world.
IMF says global growth forecast pegged at 3.9% as world economy gains speed, but momentum unlikely to last
The world economy is gathering speed with growth forecast for 2018 and 2019 pegged at 3.9 percent, the IMF said but warned that the present economic momentum reflects a "confluence of factors" that is unlikely to last for long.