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IMF lowers India's growth estimate for 2019 to 4.8%

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.

India needs fiscal-consolidation path to cut debt: IMF

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.

India needs to keep fiscal deficit target; requires increased revenue mobilisation: IMF's Gopinath

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.

India should focus on structural reforms, clean-up of banks and labour reforms: IMF's Gita Gopinath

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.

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IMF wants India to be more 'transparent' on fiscal data: Report

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.

India expresses disappointment over lack of support for IMF quota increase

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.

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Important for India to keep fiscal deficit in check: IMF chief economist Gita Gopinath

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.

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'Buckle up:' New IMF chief vows 'relentless' focus on gender equality

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.

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'Three movies made Rs 120 crore in a day': Ravi Shankar Prasad denies economic slowdown

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."

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Growth forecast cut foretold: How to read IMF chief's pessimism on India

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.