January 20, 2020 8:19 pm
"Domestic demand has slowed more sharply than expected amid stress in the non-bank financial sector and a decline in credit growth," India-born IMF Chief Economist Gita Gopinath said.
December 24, 2019 7:54 am
Last month, Moody’s Investors Service reduced the nation’s credit-assessment outlook to negative, citing issues ranging from a worsening shadow banking crunch and a prolonged slowdown in the economy to rising public debt.
December 20, 2019 6:12 pm
Speaking at the 92nd Annual Convention of Ficci, IMF Chief Economist Gita Gopinath said that in the past few quarters, there has been a steep slowdown in private sector demand and there is now weakness in investment.
December 16, 2019 6:01 pm
Kolkata-born Gopinath said the policy priorities of the government should also include a credible fiscal consolidation path that is more ambitious than currently envisaged by the government.
November 07, 2019 11:16 am
There needs to be a "credible fiscal consolidation" and a more ambitious one since the government has missed its budgeted fiscal targets in the past few years, the report said quoting a senior IMF official.
October 20, 2019 8:56 am
IMF quotas, which are the primary source of IMF funds, determine voting shares. Quotas are supposed to be reviewed every five years although these reviews can be delayed.
October 16, 2019 7:46 pm
In India's case, there has been a negative impact on growth that has come from financial vulnerabilities and the non-bank financial sector, and the impact on consumer borrowing and borrowing of small and medium enterprises, Gopinath said.
October 16, 2019 8:19 am
Georgieva said she would also prioritize pay equity at the lender, noting that it was not until she reached a senior position at the World Bank that she realized how much her salary had lagged that of male counterparts for many years.
October 13, 2019 11:56 am
Referring to the NSSO report, Prasad said, "I have given you ten parameters where economy is performing well, but not a single one is reflected in the (NSSO) report Hence I call it a wrong report."
October 10, 2019 6:10 pm
The IMF chief cited trade tensions having "substantially weakened" manufacturing and investment activities worldwide as one of the primary reasons for the pessimistic projection.