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'Positive impact on investment': IMF supports India's corporate tax cut

It, however, said India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions.

Despite IMF projections, India still among fastest growing economies: Nirmala Sitharaman

"The IMF (in its latest projections) reduces the growth (rate) for all the global economies. It reduces the growth for India too. But even otherwise, even with that India is still growing as the fastest growing economy," she said.


IMF revises India growth forecast for FY20 to 6.1% from 7% projected earlier

On Sunday, the World Bank had slashed India FY20 growth estimate to 6 per cent from its original call of 7.5 per cent.

IMF revises India's growth projection from 7.3 to 6.1 per cent in 2019

This comes just two days after the World Bank revised India's growth projection for financial year 2019-20 from 7.5 per cent to 6 per cent.

Global economy in synchronised slowdown, effects more pronounced in India: IMF Chief

IMF Chief Kristalina Georgieva attributed the global economic slowdown to a range of uncertainties — she called them "fractures" — including trade tensions, Brexit and geopolitical tensions.

Govt appoints Surjit Bhalla Executive Director for India at IMF

Bhalla (71) will succeed former RBI deputy governor Subir Gokarn, who died in the US on July 30 after a brief illness.


IMF on India's economic growth: 'Much weaker than expected'

IMF spokesperson Gerry Rice attributed India's economic slowdown to corporate and environmental regulatory uncertainty and lingering weakness in some non-bank financial companies.

IMF projects slower growth rate for India, cuts FY20 forecast to 7%

Releasing the report in Chile's capital Santiago, IMF's Indian-origin Chief Economist Gita Gopinath said the IMF is revising downward its projection for global growth to 3.2 per cent in 2019 and 3.5 per cent in 2020, PTI reported.

Pakistani traders strike over IMF austerity measures

Not all business associations joined the strike, but the move underlines the pressure facing Prime Minister Imran Khan's government, which came to power last year promising millions of new jobs and welfare measures to help the poor.

US hopes meeting is prelude to its Mideast peace plan roll out

Global financial institutions will attend a US-led conference on the Palestinian economy this month that the Trump administration has cast as an overture to its Middle East peace plan, the International Monetary Fund (IMF) said on Wednesday.

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International Monetary Fund Chief Christine Lagarde Convicted

French judges on Monday found IMF chief Christine Lagarde guilty of negligence for failing to challenge a 400 million euro ($417 million) state arbitration payout to a business tycoon in 2008 when she was French finance minister.